Crypto exchange MEXC has launched a $300 million ecosystem development fund to support Web3 projects over the next five years, unveiling the initiative at the Token2049 conference in Dubai. The fund targets early-stage technologies including public blockchains, wallets, DeFi infrastructure, and stablecoins—areas the exchange sees as essential for advancing crypto adoption.

MEXC’s Chief Operating Officer Tracy Jin stated the company will invest between $50 million and $60 million annually, with the flexibility to increase that pace for projects that align closely with its strategic priorities. The aim is to identify and back future “AAA-level” projects with strong long-term potential.

In a major shift from traditional crypto grant programs, MEXC’s $300 million fund will operate through an exclusive, invitation-only model. The company made it clear that the era of “submit a form and get funded” is over. Instead, projects must prove their value and find ways to connect directly with MEXC’s investment team.

Stablecoins are a central focus for the exchange, with Jin highlighting their importance in maintaining pricing stability across crypto markets. This follows MEXC’s recent $20 million investment in Ethena Labs’ USDe stablecoin, along with a separate $16 million investment in the company itself.

With over $3.2 billion in 24-hour spot trading volume, MEXC ranks as the seventh largest crypto exchange globally, according to CoinMarketCap. The fund is expected to drive innovation while giving MEXC a competitive edge in shaping the next generation of blockchain infrastructure.