Funding to assist Anzen enhance its protocol progress and introduce new product choices leveraging RWAs like asset-backed non-public securities for sustainable yields.
HONG KONG / ACCESSWIRE / Could 28, 2024 / Anzen Finance, the decentralized platform creating USDz, a digital greenback backed by Actual World Belongings (RWA), has raised $4 million in seed funding. This funding spherical, led by top-tier buyers together with Mechanism Capital, Circle Ventures, Frax, Arca, Infinity Ventures, Cherubic Ventures, Palm Drive Ventures, M31 Capital, Kraynos Capital, and a number of other different distinguished backers, marks a big milestone in Anzen’s mission to combine Actual World Belongings (RWA) into the DeFi ecosystem.
The contemporary capital will speed up Anzen’s improvement of its protocol and the enlargement of its product choices. By leveraging RWAs, Anzen goals to create a sustainable yield ecosystem, establishing a much-needed connection to high-quality property inside the true financial system. This revolutionary method is ready to convey stability and new use instances to DeFi, unlocking a multi-trillion-dollar market alternative.
“This infusion of capital from such a stellar line-up of backers is a huge vote of confidence in Anzen’s vision for seamlessly integrating the real economy with the DeFi ecosystem and creating opportunities for users to diversify their portfolios while earning sustainable staking rewards,” stated Anzen Finance founder Ben Shyong.
Anzen’s protocol, dwell on Ethereum and Base, permits customers to mint USDz, a digital token backed by a diversified portfolio of personal credit score property. These property, sourced from certified and KYC-compliant buyers, are rigorously underwritten to make sure their reliability and worth, even amid cryptocurrency market volatility.
With the introduction of USDz, Anzen presents a scalable digital greenback that’s overcollateralized by cash-flowing RWAs, primarily asset-backed non-public securities, a serious part of the $7 trillion US non-public credit score market. USDz is backed by 1 USD or extra price of on-chain RWA collateral always. It is freely traded on decentralized exchanges, the place it may be swapped for stablecoins like USDT or USDC.
This token is permissionless, composable, and could be staked for rewards throughout varied DeFi protocols. Through the use of tokens backed by actual collateral, customers can diversify their portfolios and mitigate the dangers of unbacked crypto tokens.
Anzen Finance is poised to bridge the hole between conventional finance and decentralized finance, bringing collectively the perfect of each worlds.
About Anzen Finance
Anzen Finance bridges conventional finance and DeFi with its revolutionary merchandise. Its newest providing, USDz, is a stablecoin backed by a diversified portfolio of rigorously underwritten non-public credit score property. Anzen collaborates with skilled credit score specialists and deploys capital alongside institutional buyers to generate sustainable earnings streams that assist staking rewards for USDz holders. This method goals to supply stability, consistency, and mitigation of market volatility. Dedicated to transparency and reliability, Anzen Finance makes high-quality, asset-backed stablecoins broadly accessible.
Contact Particulars
Colin Landers
[email protected]
Firm Web site
https://anzen.finance/
SOURCE: ANZEN FINANCE