Palladium Labs has launched the Genesis Fund, a 10 million CC initiative valued at approximately $1.5 million, to support developers, researchers, and startups building financial applications on the Canton Network.
The fund will provide grants, technical guidance, product feedback, and ecosystem introductions to teams working on financial applications, infrastructure, developer tooling, integrations, and research that expand Canton's capabilities. It is structured across multiple funding tiers to accommodate teams at different stages of development. Applications are open at palladiumlabs.org/grant.
"Institutions are bringing assets, workflows, and capital markets on-chain, but infrastructure alone does not create an ecosystem," said Akash Gaurav, Founder and CEO of Palladium Labs. "Builders do. Genesis Fund is our commitment to supporting the entrepreneurs, researchers, and developers who will create the next generation of financial applications on Canton."
The launch follows Digital Asset's $355 million funding round earlier this month, led by a16z crypto with participation from major global financial institutions, as institutional momentum on Canton continues to build.
Palladium Labs is a Daml-native research and engineering firm and an active General Member of the Canton Foundation. The firm is also the team behind Alpend, a suite of credit primitives in development on Canton.
