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$50M ‘Blockchain for India’ Fund for Indian Startup Ecosystem Announced by Binance

www.the-blockchain.com

The world’s largest cryptocurrency exchange Binance has teamed up with their subsidiary exchange in India – WazirX, to announce a joint initiative $50 million (backed by BNB, BUSD, and WRX digital assets)  “Blockchain for India” (BFI) fund to support the development and growth of blockchain startups in India. Nischal Shetty, Founder and CEO of WazirX, said: “We started WazirX with the aim to involve everyone into this technology revolution, and the Blockchain for India fund marks a big step in this direction.

Apart from funding transformative blockchain projects in India, we look forward to collaborating with other investment funds to grow the ecosystem even further.” Under the Blockchain for India initiative, the selected startup founders and teams will get direct access to Binance’s global blockchain ecosystem comprising of Binance Chain, Binance Cloud, Binance DEX, Binance Launchpad, Binance Research, Binance Academy, Binance X and Binance portfolio companies, such as WazirX, DappReview, Trust Wallet and more.

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