Astra Fintech has unveiled a $100 million initiative aimed at fueling Solana’s expansion across Asia, marking one of the region’s largest ecosystem-focused investments in recent months.
Announced on April 21, the fund will prioritize payments-related blockchain projects and aims to position South Korea as its operational base.
The new capital will be directed toward partnerships with developers, regulatory bodies, and startups working on PayFi applications—a growing sector that merges traditional financial infrastructure with decentralized technologies.
Astra’s product suite already explores this intersection, and the firm is now looking to scale its reach by backing promising Solana-based ventures.
Solana’s developer ecosystem remains one of the most active in the blockchain space, ranking just behind Ethereum, according to Electric Capital.
The blockchain’s performance-driven features—high throughput and low transaction fees—have made it especially popular for Web3 games and payment tools in Southeast Asia, a region Solana began targeting in earnest with a $5 million fund back in 2021.
Despite price volatility this year—SOL has dropped over 50% since peaking at $293 in January—enthusiasm for the network hasn’t waned.
In April alone, former Kraken executives announced a pivot of Janover into a Solana-focused treasury firm, and Upexi stock skyrocketed after revealing similar plans. Canada’s approval of SOL staking and ARK Invest’s new Solana-linked ETF exposure further underscore the network’s growing institutional appeal.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/blockchain-company-launches-100m-fund-to-boost-solana-payments-in-asia/