Stellar Development Foundation forms $30 million fund for blockchain startups

The Stellar Development Foundation (SDF), a non-profit organization founded to support the development and growth of the open-source Stellar network, has established a new $30 million Matching Fund to provide more early-stage firms access to funding.

SDF is seeking to invest in pre-seed and Series B firms interested in using the Stellar blockchain. The four projects include Trace Finance, Bitwage, Afriex, and FanVestor. The funds also focused on NFTs and cross-border remittance solutions.