Radix, a distributed ledger project built around native assets, has announced plans to create an endowment of 1.50 billion XRD worth $37 million. According to the team: "The fund is designed to support the long-term development of the ecosystem while ensuring financial support for entities involved in the development and growth of the Radix platform and ecosystem. The process of selecting an institution to manage the fund is ongoing - a requirement is that the institution has more than $1 billion in cryptocurrency on its balance sheet. The selected partner will use regulated cryptocurrency custodian Copper Custody to hold XRD assets and use Twinstake to provide staking infrastructure, where tokens can be deployed and staked as part of an overall strategy."