Zoth, a Singapore-based stablecoin and yield company, raised $2.5m in funding.
The round was led by Blockchain Founders Fund with participation from Momentum 6, Borderless Capital, Mindfulness Capital, Yap Capital, Singularity DAO, Aztlan Capital, Outlier Ventures, Orbit Startups, Graviton Web3 Accelerator, and others.
The company intends to use the funds to build a multichain stablecoin-powered #RWA ecosystem, in preparation for irs upcoming public offering.
Zoth is an ecosystem that connects liquidity across Traditional Finance and Onchain Finance, effectively accelerating the influx of assets and capital between these sectors. The company aims to accelerate the flow of trillions into sustainable RWAs, making finance fairer and more accessible globally.
The inaugural offering, ZOTH-FI, represents an Institutional Grade Fixed Income Marketplace, that facilitates investor access to top-tier Fixed Income assets through Stable coins. Zoth encompasses a diverse spectrum of asset classes including Cross Border Trade Finance, Sovereign Government Bonds, and Corporate Credit.
FinSMEs
15/04/2024