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Anzen, the issuer of the RWA stablecoin, intends to broaden its scope across various blockchain networks and protocols, following a successful $4 million seed funding round.

Diverse investors, including Mechanism Capital, Circle Ventures, Frax, Arca, Infinity Ventures, Cherubic Ventures, Palm Drive Ventures, M31 Capital, Kraynos Capital, and various others, contributed to the fundraising event.

Anzen, the organization behind the RWA stablecoin, intends to broaden its reach across various...
Anzen, the organization behind the RWA stablecoin, intends to broaden its reach across various blockchain networks and protocols, following a successful $4 million seed funding round.

Anzen, the issuer of the RWA stablecoin, intends to broaden its scope across various blockchain networks and protocols, following a successful $4 million seed funding round.

In the ever-evolving world of cryptocurrency, two rapidly growing use cases are gaining significant traction - crypto staking and real-world tokenisation. The latest example of this growth comes from Anzen Finance, a company that offers the USDz stablecoin, pegged to real-world private credit assets.

Anzen Finance recently secured a $4 million seed round from a consortium of investors including Mechanism Capital, Circle Ventures, Frax, Arca, Infinity Ventures, Cherubic Ventures, Palm Drive Ventures, M31 Capital, Kraynos Capital, and others. The main partners supporting this funding round include HashKey, Copper, and Avalanche.

The mainnet launch of EigenLayer earlier this year is another example of the growth in crypto staking. Anzen Finance plans to use the capital from the seed round to expand USDz support across blockchains and protocols.

One of the key advantages of USDz is that holders can collateralize assets on-chain through staking. This opens up earning opportunities, such as the USDz-USDC liquidity pair on Aerodrome's Aerodrome where USDz holders can earn Aero incentives.

Anzen Finance is also focusing on adoption and new use cases for USDz across partner protocols and multiple chains. The Block reported on this focus, highlighting the potential for USDz to be used in various decentralised applications (dApps).

Anzen leverages LayerZero's Omnichain Fungible Token (OFT) standard to bridge USDz across multiple blockchains. This allows USDz holders to trade the token on decentralised exchanges and use it for payments.

An example of such earning opportunities is the USDz-USDC liquidity pair on Aerodrome's Aerodrome. Here, USDz holders can earn Aero incentives. Furthermore, Anzen users can earn rewards as USDz holders across various dApps.

As of this writing, Aerodrome is the largest protocol on Base with a Total Value Locked (TVL) of $725 million. Many other protocols on Base support multiple chains, further enhancing the potential for USDz adoption.

BlackRock's investment in Securitize and its BUIDL token is one example of the growth in real-world tokenisation. This entry of a global asset manager like BlackRock into the industry underscores the growing acceptance and potential of real-world asset tokenisation.

Holders of USDz can trade the token on decentralised exchanges and use it for payments. The USDz token is a real-world asset tokenisation token backed by a diversified portfolio of private credit assets. This makes it an attractive option for investors seeking stability in the volatile world of cryptocurrency.

In conclusion, Anzen Finance's focus on expanding USDz across blockchains and protocols is a significant step forward in the growth of crypto staking and real-world tokenisation. With the backing of major investors and partnerships with key players in the industry, Anzen Finance is well-positioned to lead the charge in this rapidly evolving sector.

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