MEXC launches $300M Web3 Fund, big changes to come

During the Token2049 Event held in Dubai, Crypto Exchange MEXC made a big announcement and launched a $300 million Web3 Ecosystem Development Fund. The fund aims to support starting phase blockchain projects, public chains, wallets and decentralized tools over the next five years. This initiative is considered a major step towards strengthening the Web3 infrastructure.

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Web3 will get a new direction

MEXC Chief Operating Officer Tracy Jin said that this fund is not only for innovative ideas or talented developers, but their aim is to invest in projects that have long-term potential. According to Jin, MEXC will give priority to projects that can achieve AAA status in 3 to 5 years.

About $50 to $60 million will be spent from this fund every year, although this figure may fluctuate according to the quality of the projects and business priority. If a project is in line with MEXC's strategic direction, the speed of investment can be increased further.

Focus Area: DeFi, Stablecoins and Blockchain

MEXC will focus specifically on blockchain networks, decentralized finance (DeFi) infrastructure and stablecoins through this fund. Jin clarified in a fireside chat that stablecoins are extremely important for crypto trading as they help maintain stability in the market.

In this direction, in February 2025, MEXC made two important investments, first a $20 million investment in USDe, a DeFi-native synthetic dollar from Ethena Labs, and second, a $16 million direct investment in Ethena Labs.

MEXC will adopt an invitation-only model

MEXC has also made it clear that this fund will not run under an open application process. Instead, an invitation-only model will be adopted. “In 2025, simply filling out a form and getting funding will no longer work. Projects will have to find a way to market themselves to attract the attention of MEXC’s investment team,” Jin said.