Education Finance RWA Protocol Pencil Finance Announces Closing of $10 Million Liquidity Pool Funding Supported by Animoca Brands
On April 30th, EduFi RWA protocol Pencil Finance announced that it has successfully completed a $10 million liquidity pool financing supported by Animoca Brands and Open Campus, aimed at supporting the first batch of on-chain education loans and debt financing for education companies by Pencil Finance.
The funds have been deployed in the liquidity pool of Pencil Finance on the Open Campus EDU Chain. Pencil Finance will collaborate with traditional education loan companies to bring Southeast Asian and American education loans onto the chain, opening up a new asset class for on-chain investors. At the same time, Pencil Finance helps education loans reduce interest rates by providing on-chain interest opportunities for traditional education loan companies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Launches PLUME On-chain Earn With 4.5% APR
Bitget Trading Club Championship (Phase 2) – Grab a share of 50,000 BGB, up to 500 BGB per user!
Bitget Trading Club Championship (Phase 2) – Grab a share of 50,000 BGB, up to 500 BGB per user!
Subscribe to UNITE Savings and enjoy up to 15% APR
Trending news
MoreCrypto prices
More
