RDX Holdings and Radix Foundation jointly established the Radix Donation Fund.

ChainCatcher news, RDX Holdings and Radix Foundation jointly announced the establishment of the Radix Donation Fund. The fund has 150 million XRD, aimed at supporting long-term ecosystem growth while providing financial support to entities involved in the development and growth of the Radix platform and ecosystem.
The creation and selection process of the donation fund was initiated in the first quarter of this year, with shortlisted management institutions managing over 1 billion dollars in digital assets and having significant trading volume on centralized exchanges. They will provide support for the exchange adoption of Radix from an institutional perspective.

The goal of this donation fund is to create a sustainable token generation source for the ongoing development of the Radix ecosystem. This will reduce reliance on using treasury tokens to fund activities and runway. The donation fund will also help drive external investment or co-investment into the Radix ecosystem.