2021-1-19 23:08 |
The Interchain Foundation (ICF) is delighted to announce the publication of key financial figures and funding activity for the last quarter of 2020. The Foundation maintains a very professional and conservative asset management approach which ensures sustainable capital deployment for the Cosmos project for many more years to come. In order to achieve the Foundation’s mission, safeguarding the Foundation’s assets and providing operational liquidity is essential and it is closely and constantly monitored by the Foundation Council.
Since its inception in 2017, the ICF has been subject to full financial audits and is happy to announce that during all reporting periods unqualified audit reports have been received by an independent auditor. As required by Swiss law, the audit reports are filed with the Swiss Federal Supervisory Authority for Foundations. The ICF is fully compliant with all regulations and requirements.
The below is the first update for the period of 31 September 2020 through 31 December.
Here are the highlights:
Total assets as per Q4 2020 add up to USD 212 millionHoldings denominated in crypto represent 82% of total assets.Investments include public securities and also crypto investments such as ixo, Regen, Agoric, Althea and Iris.Number of grant applications received during Q4, 2020: 22Number of grants approved during Q4, 2020: 13Grants committed during Q4, 2020: USD 0.9 million2020 Q4 Interchain Foundation Assets and Funding Overview was originally published in Cosmos Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
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