Crypto.com, a Singapore-based cryptocurrency exchange, said on Friday that it has made a four-year grant to the Digital Currency Initiative (DCI) at the Massachusetts Institute of Technology (MIT) Media Lab.
The grant, of an unspecified amount, aims to support DCI’s research into the security of bitcoin and open-source development of protocols that underlie the network.
“MIT’s Digital Currency Initiative is playing a critical role in building a sustainable blockchain ecosystem, in particular by fortifying bitcoin’s underlying protocol,” said Eric Anziani, Crypto.com’s COO.
Crypto.com also supports the Secure Blockchain Initiative at Carnegie Mellon University, advancing on-chain safety.
The Block reported last month that Crypto.com will be an official sponsor of the FIFA World Cup, to be held this year in Qatar.