This article discusses Zoth’s successful extension of its funding round to $4 million, aiming to bring $100 million worth of Real World Assets （RWAs） backed tokenized liquid notes on-chain. It covers the significance of the funding, the strategic goals of Zoth, and the implications for the DeFi space.
Points
- Overview of Zoth’s $4 million funding extension.
- Strategic goals of bringing $100 million RWAs on-chain.
- Key investors and partnerships involved.
- Implications for the DeFi and traditional finance integration.
Zoth Extends Raise to $4M to Bring $100 Million RWA-Backed Tokenized Liquid Notes （$ZTLN） Onchain
Dubai, United Arab Emirates, August 5th, 2024, Chainwire
It’s a major step in Zoth’s mission to bring permissioned Real World Assets （RWAs） and permissionless DeFi products to the blockchain. The funding round attracted prominent investors, including Taisu Ventures, G20, Fat Cat Ventures, GemHead Capital, Foundership Ventures, DCI Capital, Absolute Digital VC, Gydra Capital, and AstraX Capital. Zoth also garnered support from top financial and crypto angels from companies like Coinbase and Hedera, alongside a grant from Ripple’s XRPL Foundation.
Founded in January 2023 by Pritam Dutta and Koushik Bhargav, Zoth aims to become a chain-agnostic crypto yield layer, providing institutional and accredited investors with access to secure financial products on-chain.
“We’re thrilled to close this strategic funding round and pursue new opportunities at Zoth. We’re building a one-stop crypto yield layer solution for sustainable yield by harnessing on-chain permissioned RWAs and permissionless DeFi fixed-yield products. We believe the biggest opportunities in the crypto-asset industry lie within these sectors, and this strategic round shows investor confidence in this space,” said Pritam Dutta, Founder & CEO of Zoth.
To date, Zoth has deployed $13 million in private credit, with over $100 million originated and $200 million in the pipeline. The company is building a regulated ecosystem for innovative products, starting with Zoth-Fi, which provides stablecoin-based financial solutions to institutions and qualified investors across more than eight blockchains, including Ethereum, Polygon, and XDC. Additionally, Zoth is integrating multichain RWAs into new ecosystems such as Bitcoin via Bitlayer.
Takashi Hayashida, Managing Partner at Taisu Ventures commented, “We’re excited to support Zoth’s innovative vision for Real World Assets, bridging TradFi and DeFi. At Taisu Ventures, we are bullish on RWAs and Zoth’s goal to be the go-to solution for building a yield layer in crypto. Their strategic approach and execution give us confidence in their ability to deliver sustainable fixed-income yields. We’re thrilled to back a project with such compelling vision and capability.”
https://x.com/zothdotio/status/1778048922042429473
“Zoth’s successful strategic raise is a strong validation of their vision which we believed in from the start,” said Aly Madhavji, Managing Partner at Blockchain Founders Fund. “Seeing other prominent investors come on board further confirms the significant impact Zoth is poised to have in merging traditional finance with decentralized technologies.”
About Zoth
The inaugural offering, Zoth—Fixed Income （Zoth-Fi）, is a chain-agnostic, institutional-grade platform providing institutional and accredited investors access to secure financial assets through stablecoins. Zoth aims to expand its range of financial products, including the Tokenized Liquid Note and Green Finance, alongside permissionless DeFi products.
Users can learn more about Zoth by visiting:
Website I Zoth-Fi I Atlas I Twitter I Discord I Telegram I LinkedIn
Contact
Pritam Dutta
pritam.dutta@zoth.io
解説
- Funding Success: Zoth’s successful extension of its funding round to $4 million highlights investor confidence in the potential of integrating Real World Assets with decentralized finance.
- Strategic Goals: The aim to bring $100 million worth of RWAs on-chain showcases Zoth’s ambition to bridge traditional finance and DeFi, offering secure, permissioned financial products on a blockchain.
- Investor and Partnership Support: The involvement of prominent investors and partnerships with leading financial and crypto institutions underscores the strategic importance and potential impact of Zoth’s initiatives.
- DeFi and TradFi Integration: Zoth’s efforts to integrate RWAs with DeFi could pave the way for more secure, scalable, and innovative financial products, enhancing the overall ecosystem and offering new opportunities for institutional and accredited investors.