RWA stablecoin issuer Anzen Finance raises $4 million in seed funding

Mechanism Capital, Circle Ventures, Frax, Arca, Infinity Ventures, Cherubic Ventures, Palm Drive Ventures, M31 Capital, Kraynos Capital and others participated in the funding round, according to a release shared with The Block.

Anzen allows users to mint USDz, which is supported by "a diversified portfolio of private credit assets," the company release continues. These cash-flowing RWAs collateralize USDz, and the token can be staked throughout other DeFi protocols. Anzen is live on the Layer 1 Ethereum and the Layer 2 network Base.

"We'll focus on adoption and new use cases for USDz across partner protocols and multiple chains," Shyong said. "This means that Anzen users will have plenty of opportunities with many dApps to earn rewards as a USDz holder. For example on Base, there's a USDz-USDC liquidity pair on Aerodrome where USDz holders can earn Aero incentives."

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

POLYX, XDC, OM, ONDO, OPUL: Top 5 cryptos on watchlist as RWA finance platforms take formReal World Assets (RWAs), which tokenize established commodities from traditional finance and bring them over into the DeFi space using blockchain technology, are a prevailing trend in the cryptocurrency market.
Fuente: FXStreetNews - 🏆 14. / 72 Leer más »

New Thai finance minister has chance to improve strained central bank ties, says ex-Finance MinisterNew Thai finance minister has chance to improve strained central bank ties, says ex-Finance Minister
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Beyond Banking Apps: How Embedded Finance Is Reshaping FinanceIvo Gueorguiev, co-founder at Paynetics. Read Ivo Gueorguiev's full executive profile here.
Fuente: ForbesTech - 🏆 318. / 59 Leer más »

Ondo TVL rises with a market cap reaching $1.32 billion amid strong utility in RWAOndo Finance (ONDO) price has been on a bullish streak since inception in January, with a sustained series of higher highs.
Fuente: FXStreetNews - 🏆 14. / 72 Leer más »