"Y Combinator's investment in Totalis was executed entirely onchain using the Solana network, with funds transferred in three transactions that settled within seconds."
"The capital was delivered directly to Totalis' treasury without intermediaries, marking a notable shift in how early-stage companies can raise capital."
"Garry Tan, CEO of Y Combinator, stated that the company will use stablecoins for more investments, indicating a growing trend in onchain capital formation."
"Totalis is building a platform designed to expand the capabilities of prediction markets, reflecting the evolving landscape of blockchain-based funding."
Y Combinator has invested $500,000 in the prediction markets startup Totalis entirely in USDC, marking its first all-stablecoin investment. The transaction was executed on the Solana network and involved three onchain transfers, demonstrating faster funding compared to traditional banks. This investment signifies a shift in early-stage capital raising, allowing startups to bypass traditional banking systems. Y Combinator has a history of investing in crypto and plans to continue exploring opportunities in stablecoins and onchain financial infrastructure.
Read at news.bitcoin.com
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