Radix Announces $37 Million XRD Grant Fund for Ecosystem Development

According to Foresight News, full-stack DeFi project Radix has announced plans to create a grant fund of 1.5 billion XRD tokens, valued at $37 million. The fund will be managed by an institution with over $1 billion in cryptocurrency assets on its balance sheet. The selected partner will use regulated cryptocurrency custodian Copper Custody to hold the XRD assets and Twinstake to provide staking infrastructure. The tokens can be deployed and staked as part of an overall strategy. The goal of the grant fund is to create a sustainable source of token revenue for the ongoing development of the Radix ecosystem, reducing reliance on treasury tokens. Additionally, the grant aims to attract external investment or participation in the Radix ecosystem.