AlloyX, a Berkeley, CA-based provider of a decentralized finance (DeFi) protocol that aggregates tokenized credit, raised $2M in Pre-Seed funding.
The round was led by Hack VC, with investments from Circle Ventures, Digital Currency Group, Stratos, Lecca Ventures, MH Ventures, very early Ventures, Archblock, dao5, and Credix Finance.
The company intends to use the funds to expand operations and its business reach. With this funding, AlloyX has integrated with nine credit protocols to date and is building the industry’s first blended investment vault with its partners Credix Finance and a tokenized U.S. Treasury Bills protocol.
Led by Alexandre Liege, CEO, AlloyX allows protocols, DAOs and institutional investors to build diversified investment strategies in real-world assets. Investors access yields from tokenized credit pools and provide liquidity to loans on chain. By integrating and aggregating investments from major credit protocols such as Credix Finance, Goldfinch, and Centrifuge, AlloyX provides crypto lenders with a platform to manage RWA investments tailored to their yield, risk and liquidity preferences.
AlloyX has reached $5 million in total value locked (TVL) and generated yields above 18% on average since inception in 2021. This blended vault will be live in early Q3 2023. The team plans to integrate with additional DeFi protocols and launch more investment vaults later this year.
FinSMEs
30/06/2023