Foresight Ventures, the financial wizards of Singapore, just dropped a $50 million fund… because who needs stablecoins when you can have “stablecoin infrastructure”? 💸💰
New $50M Fund: Because Stablecoins Need More Infrastructure Than a Medieval Castle! 🏰
The Stablecoin Infrastructure Fund will target projects that are so complex, even a PhD in finance might need a calculator and a nap. 💡💸 The fund’s goals? Issuance, rails, compliance, and… *checks notes* …maybe a few more acronyms? 🤷♂️
Foresight Ventures claims this fund covers the “entire stablecoin value chain”-which, if you ask me, is just a fancy way of saying they’re throwing money at everything and hoping it sticks. 🧠💸
The firm added that since 2023, it has backed several projects in the segment, naming Ethena, Noble, Codex, Agora, and WSPN. Because nothing says “innovation” like a list of names that sound like they belong in a sci-fi movie. 🚀
Managing Partner Alice Li said the goal is to support stablecoin integration with existing financial frameworks “in a way that is seamless, compliant, and scalable.” Translation: “We’ll make sure your crypto is as boring as a spreadsheet. 😴”
Foresight also released a research report, “Stablecoin L1/L2: Defining the Next Era of Global Payments,” profiling five stablecoin-native blockchains. Because nothing says “cutting-edge” like a report titled “Defining the Next Era of Global Payments” when the era is still figuring out what “next” means. 🧐
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2025-10-01 22:07