News Formal

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

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 53%

Anzen News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Cash-flowing real world assets (RWAs) collateralize Anzen's digital dollar USDz, which can be staked throughout other DeFi protocols.

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."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: FXStreetNews - 🏆 14. / 72 Read more »

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
Source: Investingcom - 🏆 450. / 53 Read more »

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

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.
Source: FXStreetNews - 🏆 14. / 72 Read more »