Funds and Asset Management Update from the Tezos Foundation

To the Tezos Community, We would like to share some current plans about the Foundation’s funds and asset management. Currently, the Foundation holds approximately $500 million in assets, making Tezos one of the most well-funded blockchain projects worldwide. This does not include the additional allocation of Tezos tokens (XTZ) that will vest monthly over four […]

To the Tezos Community,

We would like to share some current plans about the Foundation’s funds and asset management.

Currently, the Foundation holds approximately $500 million in assets, making Tezos one of the most well-funded blockchain projects worldwide. This does not include the additional allocation of Tezos tokens (XTZ) that will vest monthly over four years as proposed in the genesis block. Overall, roughly 82% of the Foundation’s non-XTZ-denominated cryptocurrency holdings are in BTC.

The Foundation has already started to diversify a part of its non-XTZ portfolio into liquid and lower-risk asset classes and will continue to do so in order to lay the foundation for long-term stability and availability of funds to fulfill its mandate. That said, the Foundation currently does not plan to liquidate its XTZ holdings. There are some vendors, contractors, and other parties who will receive some limited payments in XTZ, but this will be the extent of transfers from the Foundation’s XTZ funds. All of the Foundation’s assets are subject to a review conducted by its independent external auditor, PwC Switzerland.

We are optimistic and excited about the future. We will continue to share updates as part of our commitment to keep the Tezos community informed about the Foundation’s operations. We encourage everyone involved in Tezos to keep lines of communication open by sharing updates on their projects and activities. Tezos, its ecosystem, and its community will be stronger as a result.

Respectfully,
Ryan Jesperson
President of the Tezos Foundation