Exclusive: Zivoe raises $8.35 million as it prepares to broaden credit access By
Summary
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.Our ITO will provide DeFi users with unprecedented access to the consumer credit market. We are beyond excited to help millions of underserved individuals around the world while bringing a new RWA to DeFi.The tokenization of real-world assets is becoming one of the most promising uses of crypto. For its part, tokenizing securitized loans simplifies the process, cuts administrative costs, and opens up investment opportunities to a broader range of investors.Meanwhile, the launch will coincide with Zivoes Initial Tranche Offering (ITO), a liquidity bootstrapping mechanism designed to attract initial Total Value Locked (TVL). Liquidity providers can deposit stablecoins into Zivoes senior or junior tranches and receive Tranche Tokens in return.These tokens offer risk-stratified exposure to Zivoes loan portfolio, secured by a special purpose vehicle backed by cash flows from consumer loans.