Tezos Foundation Biannual Report: What’s Inside (March 2021)

Tezos Foundation has been publishing biannual reports since August 2019. In late March 2021 they released another one, and here is what it is all about.

The report includes a preface and five sections. The introduction consists of a preface, a description of Tezos Foundation’s mission, and a summary of the main events in the ecosystem and Tezos Foundation activities during the past six months. The five sections cover grants, industry adoption, the Tezos ecosystem map, financials, and governance.


The report lists the following events as the most important ones during the past six months:

  1. August: the oracle Harbinger is introduced, and the work on the decentralized ID (DID) commences.
  2. September: digital signature DigiSign and AMM-DEX Dexter are launched.
  3. October: introduction of DirectAuth in Kukai and the launch of the payments platform for local businesses eсoo.
  4. November: the bank Sygnum offers Tezos staking to its customers while Sword Finance becomes a corporate Tezos baker.
  5. December: the winners of Tezos Community Rewards are announced, while the stablecoin Stably transfers onto the Tezos blockchain.
  6. January: Taibah Valley becomes the first corporate Tezos baker in the Middle East, while the decentralized stablecoin kUSD is launched on the testnet.

On top of that, two Tezos updates, Delphi and Edo, were proposed and adopted.


Tezos Foundation focuses on three categories of grants:

  1. Research, education, and the development of Tezos protocol core.
  2. Ecosystem: tools and applications.
  3. Community.

Tezos Foundation reports that they have offered grants to 62 new projects from 18 countries to the overall tune of $51.3m. Of that amount, 31% ($15.7m) accounts for the first category of grants, 49% ($25.3m) for the second one, and 20% ($10.3m) for the third one.

There were 21 grants in the first category, with one of them being over $500k (to Nomadic Labs), four between $200k and $500k (to DaiLambda, Metastatic, Simple Staking, and Tarides), four more between $50k and $200k (to Bolt Labs, Marigold, B9lab, and Spruce), with the rest being under $50k. There were 84 grants in the second category: one over $500k (to TQ Tezos), four between $200k and $500k (to Simple Staking, LIGO, and two grants to Papers/AirGap), twenty between $50k and $200k, and the rest under $50k.

The report does not offer any details as to the distribution of funds in the third category. Instead, Tezos Foundation just introduces 18 teams that got financing in said category. Tezos Ukraine is among them, so we’re very proud!

Industry adoption

Seeking to promote the Tezos protocol, Tezos Foundation collaborates with companies and institutions to create products with real-life implementations.

There are several priority areas of industry adoption outlined by the Tezos Foundation, and the report lists companies that had opted to use Tezos in some of them.

Digital securities: Alliance, BTG Pactual, Andra Capital, Fundament, Globacap, Taurus, Vertalo.

Payments: Baanx integrates tez as a payment option in its cryptocurrency payments app.

Digital assets platforms: Bitcoin Suisse, Elevated Returns Exchange, Equisafe, Securitize, StakerDAO.

A Map of the Tezos Ecosystem

The Tezos ecosystem map reflects the global distribution of grants that are active during the covered period along with public bakers as of February 4, 2021. Most bakers and grants are concentrated in Europe, but every continent save the Antarctic has at least one grant or public baker. Who knows, maybe the Antarctic won’t be all that pristine in terms of Tezos’ presence for long. Nonetheless, it should remain pristine as a continent, which is yet another reason to use PoS instead of PoW.


Thanks to the favorable situation on the cryptocurrency market, the assets of the Tezos Foundation have gained nearly 57% and comprise $1.176 billion as of January 31, 2021.

The main assets of the Tezos Foundation are BTC (51% of the portfolio) and XTZ (22% of the portfolio). Only 4% of the assets are in fiat, with 65% of it being US dollars, 18% British pounds, 11% Swiss francs, and 6% euro and Singapore dollars. On top of that, Tezos Foundation owns bonds, ETF, commodities, corporate shares, and other cryptocurrencies such as ETH.

In June 2021, PricewaterhouseCoopers will audit the foundation’s activities during the financial year 2020.


The section lists the functions and responsibility areas of structural subdivisions of the Tezos Foundation: it is the Foundation Council, the Executive Committee, the Audit Committee, the Investment Committee, the Technical Advisory Committee, and the newly created Nomination and Remuneration Committee.

The same section introduces the Foundation Council members. As of January 31, 2021, the council consists of Hubertus Thonhauser, Alexis Bonte, Lars Haussmann, Alice Lloyd George, Daniel Masters, Anil Madhavapeddy, and Chris Wright.

This concludes our review of the Tezos Foundation report. We will keep our finger on the Tezos ecosystem news. Subscribe to our social media channels and never miss anything!

  1. Telegram channel
  2. Facebook
  3. Twitter in Russian and Ukrainian
  4. Twitter in English
  5. YouTube channel
  6. Instagram
  7. LinkedIn
  8. hub at ForkLog

Ready to work with Tezos Ukraine?

Contact Us