The Solana Foundation, the grants program designed the Solana high-performance blockchain – has reportedly forged an alliance with crypto exchange OKEx and MXC, to roll out investment funds. 

Specifically, the two strategic investment funds – with value equivalent to $40 million for both – are reportedly dedicated to assisting widening the scope of the ecosystem, via bringing additional decentralized applications and protocols to market.

Anatoly Yakovenko, president of the Solana Foundation, reportedly remarked that the blockchain platform has developed “multitudes in the past few months”, regarding the volume of initiatives as well as active developers.

He additionally claimed that the team at Solana will collaborate with its new funders to “support the next wave of killer dApps.”

OKEx will play its part in the partnership via the Block Dream Fund – established in February this year – with $100 million in starting capital. 

Block Dream Fund has reportedly already made investments in a wide array of initiatives, including Cook Protocol and Plasma Network.

The secured money from OKEx will reportedly be channeled towards Solana’s global marketing and endorsement attempts. Dora, the founder of Block Dream Fund, shared that the investment company “looks forward to providing continued support to companies building on Solana.”

An executive at MXC Exchange – an Asia-based spot-trading crypto platform – offered explanations, saying that the Solana alliance “ties in naturally with our vision and market position.”

Solana reportedly disclosed that more than 50 market-ready initiatives were rolled out across its platform in February, including DeFi applications and NFT markets.