Hi Centrifuge community,
I have stumbled upon an article written by one of the co-founders Martin Quensel (https://medium.com/centrifuge/berlin-and-the-eu-support-building-the-centrifuge-chain-with-1-4-million-18636a81975c) that Centrifuge team has received 400k EUR in grant and 1 Million EUR in loans from European Regional Development Fund.
I had some experience with fund in question and the requirements to apply to this fund is no joke, not to mention that EU sends inspectors to oversee how the funds are being spent.
Additionally Centrifuge is a part of #DLT4Good which aims to stimulate research and experimentation in the development and use of DLTs for social and public good. The project #DLT4Good is running in cooperation with the European Commission Directorate-General for Communications Networks, Content and Technology (DG CONNECT), with support from the European Parliament as a Pilot Project. (https://blogs.ec.europa.eu/eupolicylab/portfolios/dlt4good/)
This highly boost confidence and credibility of the Centrifuge team as they aren’t hiding from regulators quite the opposite.
This is just another fact that speaks about commitment, hard and intelligent work and professionalism in Centrifuge Team.