PANews reported on May 2 that according to CoinDesk, Untangled Finance, a tokenized real-world asset (RWA) platform supported by Fasanara Capital, opened the first private credit pool on the Celo (CELO) network with French fintech lender Karmen on Thursday. The fund pool is constructed in accordance with Luxembourg securitization regulations, with an initial debt ceiling of US$6 million. It allows qualified investors to deposit USDC stablecoins and will provide funds to Karmen. Karmen specializes in providing instant loans and working capital to small and medium-sized digital enterprises in France. According to previous news, Untangled Finance completed US$13.5 million in financing in October last year, and the main investor was Fasanara Capital, an asset management company headquartered in London.
Untangled Finance launches USDC lending pool on Celo network with initial debt ceiling of $6 million
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