The Goanna Tree Fund is excited to announce a multi-year partnership with Borderless Capital, a leading Web3.0 investment manager, aimed at supporting positive environmental change.
Borderless Management, an investment firm managing Borderless Capital’s various funds, has made a commitment to The Tree Fund by pledging to donate 1% of its revenue on a quarterly basis. This commitment will provide regular donations over the coming years to help fund the planting of trees through The Fund’s global network of tree planting organizations.
Borderless Capital’s support for The Goanna Tree Fund goes beyond its regular quarterly donation. As part of an innovative strategy, Borderless Capital will also provide a zero percent loan of more than $100,000 to The Tree Fund. This will enable The Tree Fund to significantly increase its total assets under management and deploy them via DeFi and governance strategies. The loan agreement specifies that any yield generated from the loan will be used to fund the planting of trees through The Fund’s global network of tree planting organizations. The distributions to tree planting partners will occur quarterly, and the principal will be returned to Borderless Capital at the end of a two-year period.
The partnership is expected to make a direct contribution to planting an additional 250,000 trees over the next two years, creating significant real-world impacts. It is our hope that this pioneering effort will inspire other institutional firms and blockchain foundations to leverage their position to drive positive environmental change.
“Starting from a small community initiative, we are thrilled to announce this partnership with a major investment fund to drive positive environmental change. The support from Borderless Capital will enable us to create a greener future by planting more trees and accelerating our impact. Giving is at the core of our DNA, and we are motivated to see others share our belief in responsible entrepreneurship,” says Ben Wyeth, co-founder of The Tree Fund.
“We believe in the positiveness of giving back. We can’t find a better way to help in making the Planet Earth a better place than supporting The Tree Fund, an impact fund leveraging the Web3 business model. We are honored and excited to be part of this initiative and hopefully we can inspire others to plant their seed and contribute to build a better sustainable future for everyone” says David Garcia, Managing Partner at Borderless Capital
Borderless
Borderless is a leading investment management firm focused on Web3 technology, dedicated to supporting the next generation of innovators who are driving the development of groundbreaking technologies that will enable the creation of value without borders. Borderless comprises a team of builders, partners, and investors who adopt a long-term perspective and strive to unleash the full potential of open, community-driven networks. Since 2018, Borderless has invested in 200+ protocols / companies across infrastructure, business applications, and nascent cryptographic protocols, and has played an integral role in the development of some of the most significant and innovative Web3 communities.
The Tree Fund
The Tree Fund is a Web3.0 focused impact fund, administered by the AK Foundation. The capital that is raised via donations and community initiatives is then invested through various de-fi protocols. The generated yield is then used to directly support conservation efforts and tree planting projects around the globe. This innovative approach allows the fund to be truly sustainable both in terms of the projects it supports and also its own longevity.
