The Crypto Exchange Mexc announced a $ 300 million ecosy system development that aims to support web3 projects over the next five years.
The initiative, presented in token2049 in Dubai, was designed to support early stage blockchain technologies, public chains, purses, and decentralized tools that were critical to shaping the future of crypto infrastructure, according to a press release shared with cointelegraph.
The selection criteria for projects seeking to participate in the initiative will be announced as soon as possible.
“We are focused on strategic investment, focusing not only on exciting ideas and talented developers, but at initiatives with clear long-term potential,” said Mexc official Tracy Jin.
He added that the priority was to back up projects capable of achieving AAA status for three to five years.
Related: Binance Rolls Out Fund Accounts for Asset Managers, Bridging Crypto-Tradfi Gap
The Mexc Fund to invest $ 60 million annuals -Taon
Jin explained that the exchange aims to invest for approximately $ 50 to $ 60 million annuals, depending on the availability of appropriate projects and partners and strategic focus of the company on time.
“We can speed up the investment speed if a project is well aligned with our current business priorities. Otherwise, we will continue to continue according to the original plan.”
He added that MEXC is actively exploring early -stage projects focusing on blockchain networks, Decentralized Finance (DEFI) Infrastructure, and stablecoins. He said these areas are important for the promotion of crypto adoption.
During a fireside chat at the token2049 conference in Dubai on April 30, Jin emphasized that Stablecoins is a major priority for MEXC because of their important role in enabling stable pricing and trade in crypto markets.
In February 2025, Mexc Invested $ 20 million in USDEA defi-native synthetic dollar from the Etherna Labs, along with a $ 16 million direct investment in Ethena itself.
Related: Binance, Kucoin, MEXC service issues due to AWS Network Interruption
Projects need to prove their value
The exchange also made it clear that $ 300 million funds would not operate through open applications but instead adopt a selective, approach-invitation.
According to the company, the traditional “submit a form and get a fund” model no longer works in 2025. “A project that is unable to introduce itself or find a way to show the Mexc investment team is likely to earn our attention,” Jin said.
Mexc is one of the largest crypto exchanges in terms of trading volume. Over the past 24 hours, it has been ranked as the -7 largest cryptocurrency exchange by trading volume in the area, processing more than $ 3.2 billion in trade, according to data from CoinMarketCap.
Magazine: TV hit Peaky Blinders to launch Crypto game, FIFA Rivals in Polkadot: Web3 Gamer
