{"id":58797,"date":"2022-03-15T17:48:01","date_gmt":"2022-03-15T15:48:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=58797"},"modified":"2025-09-04T18:38:22","modified_gmt":"2025-09-04T15:38:22","slug":"stellar-development-foundation-allocates-30-million-to-support-early-stage-startups","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/stellar-development-foundation-allocates-30-million-to-support-early-stage-startups\/","title":{"rendered":"Stellar Development Foundation allocates $30 million to support early-stage startups"},"content":{"rendered":"<p>The nonprofit Stellar Development Foundation (SDF) launched a fund with $30 million in assets to support early-stage projects built on the Stellar blockchain.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The Matching Fund is an opportunity for SDF to support more companies building on blockchain in their early stages and grow the Stellar ecosystem at the same time. To the startups and investors out there working to improve the world\u2019s financial infrastructure: come build with us <a href=\"https:\/\/t.co\/JKUhvbudwT\">https:\/\/t.co\/JKUhvbudwT<\/a><\/p>\n<p>\u2014 Denelle Dixon (@DenelleDixon) <a href=\"https:\/\/twitter.com\/DenelleDixon\/status\/1503726645772840960?ref_src=twsrc%5Etfw\">March 15, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The new fund sits within SDF\u2019s Enterprise Fund structure \u2014 the venture arm investing in startups in the Stellar ecosystem.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe Stellar ecosystem is working on addressing issues such as inflation, accessible remittances, and high cost of capital,\u201d said representatives of the organization.<\/p>\n<\/blockquote>\n<p>The portfolio <span data-descr=\"a matched fund whose resources are disbursed proportionally to funds available from other sources\" class=\"old_tooltip\">matched fund<\/span> includes:<\/p>\n<ul class=\"wp-block-list\">\n<li>Trace Finance, a cross-border payments platform that uses stablecoins to enable access to external funding for Latin American startups;<\/li>\n<li>Bitwage, a payroll service;<\/li>\n<li>Afriex, a blockchain-based payments app aimed at users in Nigeria, Ghana, Kenya and Uganda;<\/li>\n<li>NFT project Fanvestor, using a crowdfunding model.<\/li>\n<\/ul>\n<p>Earlier, Stellar Development Foundation <a href=\"https:\/\/forklog.com\/en\/news\/stellar-development-foundation-invests-15-million-in-mexico-based-bitcoin-exchange-airtm\">invested $15 million<\/a> in the Mexican cryptocurrency exchange Airtm.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Stellar Development Foundation launched a $30 million fund to support early-stage projects.<\/p>\n","protected":false},"author":1,"featured_media":58798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1223,243,1133],"class_list":["post-58797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-startups","tag-stellar","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/58797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=58797"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/58797\/revisions"}],"predecessor-version":[{"id":58799,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/58797\/revisions\/58799"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/58798"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=58797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=58797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=58797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}