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MATH Global and Solana Announce $20M Strategic Investment PartnershipSINGAPORE, May 12, 2021 /PRNewswire/ -- MATH Global Foundation, the Singapore-based foundation behind the development of MathWallet, and Solana, a project implementing a high-performance, permissionless blockchain, today announced a $20 million strategic investment partnership to support innovative companies, teams, and projects working in the Solana ecosystem. "We're glad to see MATH Global Foundation investing in the Solana ecosystem, and providing developers with additional resources for scaling their technology and products," said Anatoly Yakovenko, President of the Solana Foundation. MATH Global Foundation will leverage its experience in China and the greater Asia-Pacific region to identify opportunities to invest in further development of Solana-based applications, infrastructure, and other cutting-edge use cases. "We are excited to meet and invest in teams building on Solana," said MATH Global Foundation CEO Frank Fu. "Promoting development on platforms like Solana is important to our work improving the blockchain experience for more than one million MathWallet users and removing entry barriers for new cryptocurrency users." Following successful fundraising of $12.5 million in 2020, including Series A+ led by Alameda Research and Multicoin Capital as well as Series B led by Binance Labs, The MATH Global Foundation continues to invest in the development of blockchain and cryptocurrency ecosystems. MATH recently announced the development of MathChain, a Layer 2 blockchain which serves as a foundational piece of MATH's plan to build a multi-chain asset hub. About MathWallet About Solana Media Contact: [email protected] Related Images View original content to download multimedia:http://www.prnewswire.com/news-releases/math-global-and-solana-announce-20m-strategic-investment-partnership-301289428.html SOURCE MATH Global Foundation |