RWA lending platform Untangled completes $13.5 million funding, with Fasanara Capital as the main investor

ChainCatcher news, according to CoinDesk, the tokenized real-world asset (RWA) lending platform Untangled Finance has completed a $13.5 million funding round and launched on the Celo network. The main investor in this funding round is Fasanara Capital, an asset management company based in London, which has also opened two credit pools on the platform to handle off-chain business and underwrite loans. Untangled also announced plans to expand to Ethereum and Polygon through the Chainlink cross-chain interoperability protocol.

It is reported that Untangled aims to bring traditional private credit markets onto the blockchain through tokenization, focusing on fintech (such as invoice financing and payroll advance-based consumer loans) as well as "green asset" loans. The platform provides infrastructure to host blockchain-based credit pools, where investors deposit funds to lend and earn returns. Depositors receive ERC-20 tokens representing their positions.