The non-profit organization Tezos Foundation has published a semi-annual report that describes the results of the project since the launch of its network.

The weekly update for 5 August 2019 is now available: https://t.co/6uzVpt5nTy

– Tezos Foundation (@TezosFoundation) August 9, 2019

One of the most interesting sections of the report is devoted to the organization's asset structure. So, as of July 31, the Tezos Foundation has funds for $ 652.22 million, including:

• 61% – bitcoin stored in several custodians;
• 15% is a stabilization fund, which is a “conservative and diversified portfolio” of liquid assets in Swiss banks, including bonds, ETFs and commodities.
• 15% – Tezos cryptocurrency (XTZ);
• 6% are fiat currencies held in several banks in different jurisdictions (97% – US dollar, 2% – Euro and 1% – Swiss franc and British pound).

Since July last year, the organization distributed grants of $ 37.4 million among 62 projects from 23 countries.

Most of the funds – projects specializing in infrastructure solutions, research and education received $ 14.8 million.

According to CoinMarketCap , XTZ is currently trading at $ 1.39. The asset with a capitalization of $ 916 million is on the 16th line of the popular rating.

According to Messari , since the beginning of the year, the XTZ coin has grown by 200% and now its price is only 12% below its historical maximum.

Earlier, BlockchainJournal reported that Elevated Returns plans to tokenize real estate worth $ 1 billion on the Tezos blockchain platform.

We also recall that Tezos co-founder Kathleen Breitman will direct 15% of her share in the project to charity under the Founders Pledge program.

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