Binance and WazirX jointly set up $50 Mn blockchain fund for India

Global blockchain platform Binance along with Indian bitcoin exchange WazirX, its portfolio company, have jointly announced $50mn Blockchain for India fund.

Will incubate & invest in blockchain projects/startups focused on solving industrial and social problems through the use of blockchain technology.

The fund plans to make investments in both equity and token, ranging from $100,000 to $5 million across startups dealing in fiat-to-digital assets gateway solutions, trading platforms, payment and remittance solutions, digital asset wallets, stablecoins, DeFi platforms, decentralized applications (dApps) and more.