Crypto accelerator Alliance has received an investment from Peter Thiel's venture capital firm, Founders Fund, which manages over $12 billion in total assets.

Founders Fund has made a "strategic long-term investment" in Alliance, the crypto accelerator said Wednesday, without disclosing the size of the investment.

It is a "minority stake," Alliance co-founder Imran Khan told The Block when asked — declining to specify the exact percentage. Khan said the transaction took place last October, with the partnership details finalized in January.

Though Alliance had already listed Founders Fund as an investor on its website around two months ago, Khan added that the news is now being publicly disclosed.

The Founders Fund-Alliance deal

As part of its investment, Founders Fund will provide …