Astra Fintech, a global blockchain payments provider, has launched a $100 million fund to support the Solana ecosystem’s growth throughout Asia, as per an April 21 announcement. The fund aims to accelerate projects and form partnerships with developers, companies, and regulators. The fund’s operations will be based in South Korea, a country where Solana’s venture arm invested after the collapse of the Terra ecosystem in 2022. It will focus on projects and developers working on PayFi solutions, which utilize blockchain technology for payments. Solana and Solana Virtual Machine (SVM) blockchains are among the top 10 for developer activity, according to data from Electric Capital, following Ethereum. In 2021, Solana initiated a $5 million development fund for projects in Southeast Asia, known for its Web3 games. Despite Solana’s native token, SOL, experiencing price fluctuations, companies are showing interest in the ecosystem. Former Kraken executives bought Janover to turn it into a Solana treasury, and Upexi saw a 630% surge in shares after announcing a similar strategy. Moreover, Canada approved SOL staking, and ARK Invest added Solana exposure to its tech-focused ETFs. The ecosystem continues to attract investments and partnerships, positioning itself for further growth in the region.