According to Foresight News, the full-stack DeFi project Radix announced plans to create a donation fund of 1.5 billion XRD (worth $37 million) and select an institution with more than $1 billion in cryptocurrencies on its balance sheet to manage the fund.
Selected partners will use regulated cryptocurrency custodian Copper Custody to hold XRD assets and Twinstake to provide staking infrastructure where tokens can be deployed and staked as part of an overall strategy.
The goal of the Endowment Fund is to create a sustainable source of token revenue for the continued development of the Radix ecosystem, reduce reliance on the use of treasury tokens, and drive external investment or entry into the Radix ecosystem.
