MATH Global and Solana Announce Strategic Investment Partnership of $ 20M

SINGAPORE, May 12, 2021 / PRNewswire / – MATH Global Foundation, the Singapore-based foundation for the development of MathWallet and Solana, a project to implement a powerful, permissionless blockchain, announced one today $ 20 million strategic investment partnership to support innovative companies, teams and projects working in the Solana ecosystem.

“We are excited that the MATH Global Foundation is investing in the Solana ecosystem and providing developers with additional resources to scale their technology and products,” he said Anatoly Yakovenko, President of the Solana Foundation.

Math joins the Solana Eco Fund

The MATH Global Foundation will use their experience in China and the bigger Asia Pacific Region to identify opportunities to invest in the advancement of Solana-based applications, infrastructures, and other innovative use cases.

“We look forward to meeting and investing in teams that are building on Solana,” said the CEO of the MATH Global Foundation Frank Fu. “Fostering development on platforms like Solana is important to our work to improve the blockchain experience for more than one million MathWallet users and remove barriers to entry for new cryptocurrency users.”

After successful fundraising of $ 12.5 million In 2020, MATH Global Foundation continues to invest in the development of blockchain and cryptocurrency ecosystems, including the A + series led by Alameda Research and Multicoin Capital, as well as the B series led by Binance Labs. MATH recently announced the development of MathChain, a Layer 2 blockchain that serves as the basis for MATH’s plan to build a multi-chain asset hub.

About MathWallet
MathWallet is a universal multi-platform (mobile / desktop / hardware) crypto wallet that enables token storage of more than 60 chains including Solana, BTC, ETH, Polkadot, Filecoin and Binance Chain. MathWallet supports cross-chain token exchange, multi-chain dApp storage and operates nodes for POS chains. Investors include Fenbushi Capital, Alameda Research, Binance Labs, Fundamental Labs, Multicoin Capital and NGC Ventures.

About Solana
Solana is a PoS (Layer 1 Proof of Stake) protocol that offers decentralized scalability and security for Web 3 applications. As the top performing blockchain chosen by high user activity, high transaction volume projects, Solana can achieve breakneck transaction processing speeds at an average cost of less than $ 0.0001. Founded in late 2017 by former Qualcomm, Intel, and Dropbox engineers, Solana is the first web-scale blockchain capable of supporting the future growth of decentralized apps, exchanges, platforms, and more.

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Math joins the Solana Eco Fund
Math joins the Solana Eco Fund

SOURCE MATH Global Foundation

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