HackerNoon reports that EXANTE, a prime broker with $4 billion in client assets, put EUR 1 million behind the Gecko Fund, a grant program for existing open-source projects in the financial technology stack, and that the fund’s first grant went to Kryo, a Java serialization framework in use since 2009 that was maintained by two people across two continents without outside funding until June 2026. It cites Harvard Business School’s $8.8 trillion demand-side estimate for open source against findings that most widely used projects lack adequate funding, and argues AI-accelerated vulnerability discovery makes underfunded dependencies riskier.
The Open-Source Debt Nobody in Finance Wants to Talk About
HackerNoon reports that EXANTE, a prime broker with $4 billion in client assets, put EUR 1 million behind the Gecko Fund, a grant program for existing open-source projects in the financial technology stack, and that the fund's first grant went to Kryo, a Java serialization framework in use since 2009 that was maintained by two people across two continents without outside funding until June 2026. It cites Harvard Business School's $8.8 trillion demand-side estimate for open source against findings that most widely used projects lack adequate funding, and argues AI-accelerated vulnerability discovery makes underfunded dependencies riskier.
Source: Hackernoon