Binance announced that it will be investing $1 billion in an accelerator fund. This fund will help to grow the Binance Smart Chain ecosystem’s capabilities and promote mainstream adoption within the financial technology industry.

The exchange showcased the eight-figure fund in a tiered development model across four specialist areas: Talent Development, Liquidity Incentive Program, Builder Program, Investment & Incubation Program. They will each allocate $100M-100M, $300M-300M and $500M respectively, according to the announcement.