Singularity Finance And Cicada Partner To Launch $1M Fund, Alongside SFI Grants And Investments
In Brief
Singularity Finance has partnered with Cicada to create a $1M fund, supported by SFI grants and investments, to co-invest in AI and RWA projects built on the SFI chain, provide on-chain liquidity, and support market-making efforts.
AI-focused EVM-compatible Layer 2 blockchain, Singularity Finance announced a partnership with Cicada, a comprehensive platform for launching blockchain projects aimed at creating a $1M fund, supported by SFI grants and investments, to co-invest in AI and real-world asset (RWA) projects built on the SFI chain. The initiative will also focus on providing on-chain liquidity and supporting market-making efforts.
By combining their resources and expertise, this partnership aims to drive the growth of a decentralized AI economy while strengthening the financial infrastructure within the blockchain ecosystem.
“We see Cicada as a strong partner to help us achieve our ambitious goals for SFI while also providing the best support to innovative AI and RWA builders, as well as on-chain liquidity—to make SFI the number one choice for real innovation and tokenization,” said Amaury Dalleur, Head of Incubation at Singularity Finance, in a written statement.
Cicada contributes its expertise in market-making, liquidity provision, and venture capital investments to the partnership, ensuring strong support for projects within the Singularity Finance ecosystem. In return, Singularity Finance will supply the underlying blockchain infrastructure for these projects and utilize its compliant RWA tokenization framework. This collaboration aims to establish a seamless ecosystem that connects traditional finance with decentralized innovation, addressing existing inefficiencies and promoting the wider adoption of tokenized RWAs.
“We see huge potential in the long-term use of AI and RWA, and partnering with Singularity Finance is a great step toward supporting real builders in this space,” said Daniel, Head of Business Development at Cicada, in a written statement. “Our experience as LPs, VCs, and market makers, combined with our strong network, will bring value to projects building on their ecosystem,” he added.
The Singularity Finance x Cicada Grant supports AI, RWA, and DeFi projects that are developing impactful solutions in the Web3 space. Chosen projects will receive funding, technical expertise, and strategic support to help them grow within the Singularity Finance ecosystem. Applications are currently open.
What Is Singularity Finance?
Singularity Finance blockchain is designed to bring the AI economy on-chain. It offers a fully compliant RWA tokenization framework that allows the tokenization and monetization of the entire AI value chain. Originating from the SingularityNET ecosystem and closely aligned with the Artificial Superintelligence Alliance, Singularity Finance is positioned to become the financial backbone for the AI industry.
Recently, the platform announced the launch of its incubation program, the RWA Base Camp Accelerator, in collaboration with the Web3 accelerator Outlier Ventures. This specialized program is aimed at startups in the RWA sector.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
