MEXC Launches $300 Million Fund for Web3 Projects

MEXC, a prominent cryptocurrency exchange, has announced the launch of a $300 million ecosystem development fund dedicated to supporting Web3 projects over the next five years. This initiative was unveiled at the Token2049 conference in Dubai and is aimed at fostering early-stage blockchain technologies, public chains, wallets, and decentralized tools that are crucial for the future of crypto infrastructure.

The fund, which will invest approximately $50 to $60 million annually, is designed to prioritize strategic partners and projects with clear long-term potential. MEXC's chief operating officer, Tracy Jin, emphasized the exchange's commitment to strategic investment, focusing on initiatives that can achieve AAA status within three to five years. Jin noted that the investment pace may accelerate if a project aligns well with MEXC's current business priorities, but the company will otherwise proceed steadily according to the original plan.

MEXC is actively exploring early-stage projects in areas such as blockchain networks, decentralized finance (DeFi) infrastructure, and stablecoins. Jin highlighted the importance of stablecoins, stating that they play a key role in enabling stable pricing and trade across crypto markets. In February 2025, MEXC invested $20 million in USDe, a DeFi-native synthetic dollar from Ethena Labs, alongside a $16 million direct investment in Ethena itself.

The $300 million fund will not operate through open applications but will instead adopt a selective, invitation-only approach. Jin explained that the traditional model of submitting a form to get funded is no longer effective. Projects that can make themselves known and present to MEXC's investment team are more likely to earn the exchange's attention.

MEXC's strategic investment in Web3 projects underscores its commitment to advancing crypto adoption and supporting the development of critical infrastructure in the blockchain ecosystem. The exchange's focus on early-stage projects and its selective approach to funding reflect its dedication to identifying and backing initiatives with long-term potential. This move by MEXC is a significant step in the evolution of the crypto industry, as it aims to support the growth of innovative technologies and projects that will shape the future of digital assets. The fund's emphasis on strategic investment and long-term potential indicates MEXC's confidence in the future of Web3 and its role in driving the next wave of technological advancements in the blockchain space.