Zivoe, a Real-World Asset (RWA) credit protocol, has raised $8.35 million in a funding round featuring investors such as Andrew Keys, Iceberg Capital, and Concave, Investing.com has learned.
The funding is in place as Zivoe prepares to launch its credit protocol, which uses blockchain to make credit more accessible by connecting on-chain liquidity with real-world borrowers. The launch is set for July 31.
Zivoe said it will initially issue on-chain loans to “a strategic, regulated lending partner” to provide consumers with better interest rates.
In the long term, the protocol plans to engage directly with consumers, bridging the gap between on-chain finance and traditional financial systems.
“We are grateful to reach this significant milestone and blessed to introduce an innovative solution to the traditional lending industry,” said Kristal Gruevski, Founder and General Counsel of Zivoe.
Read More