Ripple, the San Francisco-based blockchain company, has announced that it has led a $40 million investment in a new fund focused on decentralized infrastructure.
The fund, called Dispersion Capital, will invest in early-stage companies that are building decentralized infrastructure, such as decentralized finance (DeFi) platforms, decentralized exchanges (DEXes), and decentralized storage solutions.
Dispersion Capital is led by Patrick Chang, who previously worked at Samsung Next, where he led the company’s blockchain investments.
Chang said that he believes that decentralized infrastructure is the future of the Internet and that Dispersion Capital is committed to supporting the companies that are building it.
Ripple’s investment in Dispersion Capital is a sign of the company’s commitment to decentralized infrastructure. Ripple has been a vocal supporter of DeFi and DEXes, and the company has also invested in a number of other decentralized projects.
The investment in Dispersion Capital is a significant development for the decentralized infrastructure space. The fund will provide much-needed capital to early-stage companies that are building decentralized infrastructure.
This investment is a sign that the decentralized infrastructure space is maturing and that there is a growing interest in decentralized technologies.