China Merchants Bank and Nervos Foundation to Launch Blockchain Investment Fund – Bits Media

CMB International, subsidiary of China Merchants Bank, a major Chinese commercial bank, plans, together with the Nervos Foundation, to launch a fund of $50 million for blockchain investments.

The new fund is called Innervation, And its funds will be invested in projects, developing decentralized applications and protocols of decentralized financing, as well as markets of non -replaceable tokens. Considering, that the fund is launched together with Nervos Foundation, then there will be projects, creating their platforms on the Nervos blockchain, or planning to add support for this network.

Planned, what $50 million will be distributed for three years, Moreover, the average investment will be from $200 000 to $2 million. In addition to financing, The fund will provide access to various tools, facilitating the development of projects on the NERVOS blockchain. for instance, To the decentralized exchange, The level of compatibility with the Ethereum called Polyjuice or the Rollaps decision by Godwken.

Note, that China Merchants Bank has long been cooperating with the Nervos project, including through the Bitpie wallet. Earlier, Nervos Foundation launched the fund for $5 Milln investment in Defi.