DeFi platform AlloyX secures $2m pre-seed round
Summary
AlloyX, a platform in the DeFi sector that specialises in aggregating tokenised credit, has bagged $2m in pre-seed funding and launched a new product. The firm has successfully closed a $2m pre-seed funding round and simultaneously launched a pioneering product: a liquid real-world asset (RWA) vault. The recent launch of the RWA vault is an innovative move by AlloyX to tap into the more than $530m active loans on-chain in the private credit market. This development allows investors such as decentralised autonomous organisations (DAOs) to gain access to liquidity, yield and diversification in tokenised credit. AlloyX’s CEO, Alexandre Liege, said, “As we saw during the crypto market crash in 2022, investors wanted to exit positions from RWA lending pools.