Stellar Development Foundation invests 10 million dollars in the custody platform NetXD

ChainCatcher news, the Stellar Development Foundation (SDF) announced an investment of $10 million in the digital asset custody platform NetXD.

It is reported that this round of funding will be used to support NetXD in establishing its asset securitization capabilities on the Stellar network. Stellar will serve as the public chain for the NetXD client, providing greater transparency and auditability, lower costs, and ultimately expanding access to and distribution of digital assets. The NetXD client will also benefit from features provided by Stellar, including transaction speed, asset recovery, and authorization capabilities, and will leverage its growing ecosystem. (Source link)