RWA credit agreement Zivoe completes $8.35 million financing, with participation from Andrew Keys and others

ChainCatcher news, the real-world asset (RWA) credit protocol Zivoe has announced the completion of a $8.35 million funding round, with investors including Andrew Keys, Iceberg Capital, and Concave. The funds will be used to expand credit channels, and Zivoe plans to launch its credit protocol on July 31, along with the Initial Tranche Offering (ITO), where liquidity providers can deposit stablecoins into Zivoe's senior or junior pools and receive tokens in return.

Additionally, the Web3 asset data platform RootData shows that Zivoe is a real-world asset credit protocol that disrupts predatory high-interest consumer lending while bringing consumer loan proceeds on-chain. It acts as a bridge between traditional finance and on-chain finance, facilitating the connection between on-chain liquidity and real-world borrowers.