On June 27, Draper Dragon officially announced its investment in AllScale. It is reported that AllScale (allscale.io) focuses on opening up the last mile of enterprise-level stablecoin payments, helping companies comply, safely, and simply use stablecoin to meet collection, sales, payroll and other needs. AllScale's founding team includes core members of payment products and compliance laws such as Kraken, Block, CapitalOne, OKX, and TikTok. Project investors and supporters include Deding Innovation, Amber Group, Yuanuniverse Capital, KuCoin Ventures, Oak Grove Ventures, Blockbooster, Movemaker, etc., and is also a member of the Hong Kong Cyberport Incubator. Draper Dragon originated from Silicon Valley DFJ Fund and was co-founded in 2005 by the world's most influential venture capitalists and the first generation of domestic venture capital leaders. It is the core fund and governing unit of the global early venture capital network alliance "Draper Venture Network".