# Stellar Development Foundation

> Stellar Development Foundation is a VC fund backing Financial Services. See 66 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: San Francisco, United States
- Total investments: 66
- Last investment: Jul 2026
- Lead investor: 33%
- Fund size: $100M
- Last fund: Oct 2022
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/3877937
- X (Twitter): http://twitter.com/stellarorg
- Website: https://www.stellar.org
- Facebook: http://www.facebook.com/stellarfoundation

Stellar Development Foundation is a decentralized, fast, scalable, and uniquely sustainable network for financial products and services. It is both a cross-currency transaction system and a platform for digital asset issuance, designed to connect the world’s financial infrastructure. Dozens of financial institutions worldwide issue assets andsettle payments on the Stellar network, which has grown to over 4 million accounts. The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of Stellar. Founded in 2014, the Foundation maintains Stellar’s codebase, supports the technical and business communities building on the network, and serves as a voice to regulators and institutions. The Foundation seeks to create equitable access to the global financial system, using the Stellar network to unlock the world’s economic potential through blockchain technology.

## Contacts

5 contacts available for Stellar Development Foundation. Shizune tracks 9 team members at Stellar Development Foundation. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/stellar?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.9M–$9.9M |
| Grant | $20k–$200k |
| Pre-Seed | $50k–$2.5M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Financial Services | 26 | 39% |
| FinTech | 25 | 38% |
| Blockchain | 23 | 35% |
| Payments | 15 | 23% |
| Cryptocurrency | 11 | 17% |

57 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 15 | 23% |
| Seed | 12 | 18% |
| Pre-Seed | 8 | 12% |
| Series A | 7 | 11% |
| Venture - Series Unknown | 6 | 9% |

12 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 19 | 29% |
| Kenya | 3 | 5% |
| Singapore | 3 | 5% |
| United Kingdom | 3 | 5% |
| Panama | 2 | 3% |

24 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Boris Reznikov | Senior Director, Business Development & Partnerships | 0 | https://shizune.co/investors/profile/boris-reznikov |
| David Mazières | Chief Scientist, Co-founder | 0 | https://shizune.co/investors/profile/david-mazieres |
| Denelle Dixon | CEO and Executive Director | 15 | https://shizune.co/investors/profile/denelle-dixon-thayer |
| Jason Chlipala | COO | 0 | https://shizune.co/investors/profile/jason-chlipala |
| Jed McCaleb | Co-Founder | 7 | https://shizune.co/investors/profile/jed-mccaleb |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Hito | Human friendly hardware crypto wallet, open source, made in USA | $100K | Grant | Jul 01, 2026 |  |
| Range | Range is the platform for companies operating across stablecoins and fiat. Finance, compliance, and operations teams use Range to bring bank accounts, custodians, wallets, and exchanges into a single real-time ledger, with controls to screen, protect, and reconcile capital before and after it moves.Range supports pre-execution controls forsanctions, fraud, and operational risk, while feeding enriched onchain data into the accounting and compliance tools teams already use. The platform secures more than $30B in onchain assets and tracks 99.41% of stablecoin payment activity across 200+ networks and 100+ stablecoins.Range is used by teams including the Solana Foundation, Circle, Stellar, Squads, and Jupiter. Learn more at range.org. | $8.3M | Series A | Jun 18, 2026 |  |
| Jia | Small businesses drive the economy. They deserve to own a piece of it. Jia gives entrepreneurs anywhere in the world power to control their financial destiny. We provide blockchain-based financing to businesses in emerging markets and reward them with ownership, enabling them to create wealth and prosperity for themselves and their communities. | $3M | Seed | May 21, 2026 |  |
| Splyce Finance | dETF protocol. Permissionless, on-chain index- and yield ETFs. |  | Seed | Apr 08, 2026 |  |
| Cashlink | The financial technology start-up (Fintech) Cashlink has developed one of Europe's leading Tokenization-as-a-Service solutions. A modular, technological infrastructure enables the legally compliant issuance and management of digital securities for banks and investment platforms as an all-in-one solution. Compared to a traditional security,tokenized financial instruments create significant cost reductions and opportunities for opening up new markets and products, giving issuing companies, banks and investment platforms a sustainable competitive advantage. Renowned companies such as the Frankfurt securities specialist Bankhaus Scheich are already successfully using the Cashlink solution today. Cashlink is an official partner of Deutsche Börse Venture Network and completes its comprehensive range of digital securities by cooperating with experienced and specialized partners such as the globally operating law firm Ashurst. Renowned European investment companies such as the listed FinLab AG and the seed + speed-VC of the Maschmeyer Group are invested in the Fintech. As a founding member of the European forum "International Association for Trusted Blockchain Applications" (INATBA), the Hesse regional group of the Blockchain Bundesverband and the International Token Standardization Association (ITSA), Cashlink is already shaping tomorrow's capital market today. |  |  | Apr 02, 2026 |  |
| M1X Global | M1X Global is a sovereign financial‑infrastructure and technology company that builds the “sovereign layer” of on‑chain capital markets, enabling governments to issue and manage financial instruments natively on blockchain rails while staying compatible with global institutional frameworks. |  | Grant | Mar 25, 2026 |  |
| Pontoro | Pontoro is building a digital asset securitization and liquidity platform to address the $20 trillion shortfall in infrastructure debt finance by enabling broader investor participation in these private assets. Pontoro's team has collectively underwritten, invested in, or built over $100 billion of large-scale infrastructure assets globally.Pontoro has sourced an initial $500M infrastructure loan pipeline from some of its large originating bank relationships. Pontoro is also speaking with several large financial institutions about opportunities to distribute its digital assets to these institutions’ RIA, family office, and ultra-high net worth investor distribution channels. | $5.5M | Series A | Jan 14, 2026 |  |
| DevAsign | DevAsign is an AI platform helping open-source maintainers review contributors code, give detailed feedback & automate bounty payment with stablecoins when needed. | $80K | Grant | Oct 30, 2025 |  |
| JoJoWorld | JoJoWorld is a Web3 game application that uses generative AI. It lowers the bar for players to develop games, helps users worldwide experience 3D worlds through text-to-3D models, and automatically generates scenes and narratives. | $8M | Seed | Sep 11, 2025 |  |
| Arrel Technology | Arrel provides non-custodial digital asset infrastructure that enables banks, fintechs, PSPs, brokers, and asset managers to launch and scale digital asset products.Its unified infrastructure connects: [Custodians]: Fireblocks and other trusted partners [Compliance]: Chainalysis for KYT/AML, Sumsub for KYC/KYB[Liquidity and trading venues]: 15+ exchanges and institutional liquidity providers [Blockchains]: 10+ major chains for wallet creation and management [Stablecoins] Seamless integration with major stablecoins (USDC, EURC, USDT) for payments, settlement, and treasury operationsThrough API and turnkey solutions, Arrel integrates advanced business logic to simplify and accelerate deployment, including: [1] Multi-venue trading and liquidity aggregation [2] Multi-chain non-custodial wallet management (MPC, SOC2-audited) [3] Automated treasury and fiat withdrawals [4] Counterparty risk control and FX management [5] Governance, audit, and user administration tools [6] Full compliance monitoring and reporting By consolidating all these capabilities into one layer, Arrel enables institutions to move faster, reduce operational and regulatory risk, and scale securely in the digital asset economy. | $150K | Grant | Sep 05, 2025 |  |

10 of 66 investments shown.

## Co-investors
- [Partners for Growth](https://shizune.co/investors/profile/partners-for-growth) — VC Fund, 5 deals together
- [Draper University](https://shizune.co/investors/profile/draper-university) — VC Fund, 4 deals together
- [QED Investors](https://shizune.co/investors/profile/qed-investors) — VC Fund, 4 deals together
- [TIBAS Ventures](https://shizune.co/investors/profile/100-y%C4%B1l-venture-capital) — VC Fund, 3 deals together
- [BECO Capital](https://shizune.co/investors/profile/beco-capital) — VC Fund, 3 deals together
- [Blockchain Founders Fund](https://shizune.co/investors/profile/blockchain-founders-fund) — VC Fund, 3 deals together

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## FAQ

### What does Stellar Development Foundation invest in?

Stellar Development Foundation invests primarily in Financial Services, FinTech and Blockchain startups, most often at Grant and Seed stage. Most of the 66 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Stellar Development Foundation's check size?

Stellar Development Foundation typically joins rounds of $1.9M–$9.9M at Seed, $20k–$200k at Grant and $50k–$2.5M at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Stellar Development Foundation participates in.

### How do I contact Stellar Development Foundation?

Public channels for Stellar Development Foundation include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Stellar Development Foundation?

The team at Stellar Development Foundation includes Boris Reznikov (Senior Director, Business Development & Partnerships), David Mazières (Chief Scientist, Co-founder) and Denelle Dixon (CEO and Executive Director), among 9 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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