On-chain RWA project Zoth raises $2.5 million, led by Blockchain Founders Fund

Odaily Odaily News: The on-chain RWA portal project Zoth has completed US$2.5 million in financing, led by Blockchain Founders Fund, with participation from Borderless Capital, Mindativity Capital, YAP Capital, Momentum6, Singularity DAO, Aztlan Capital, Outlier Ventures, Decubate, Wormhole Ecosystem Fund, etc. Zoth is an ecosystem that connects liquidity between TradFi and OnchainFi, aiming to provide sustainable returns supported by RWA and build an RWA ecosystem driven by multi-chain stablecoins to bring native sustainable returns to DeFi. Its first product, Zoth-Fixed Income (Zoth-Fi), is a chain-agnostic institutional-grade platform that provides institutions and qualified investors with access to secure fixed-income assets through stablecoins. Zoth covers a variety of asset classes, including accounts receivable trade financing, treasuries, sovereign bonds and green finance, permissionless DeFi products, etc. (Decrypt)