RWA ecosystem Zoth completes $4 million strategic financing, with participation from Taisu Ventures and others

2024-08-06 10:10:24

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ChainCatcher news, the RWA ecosystem Zoth announced the completion of a $4 million strategic financing round, with participation from Taisu Ventures, G20, Fat Cat Ventures, and others. Zoth also received support from companies such as Coinbase and Hedera, as well as funding from Ripple's XRPL Foundation.

Zoth is developing Atlas, a permissionless yield product aimed at becoming a comprehensive DeFi yield solution. The product is currently in the testnet phase and has gamified RWA index coverage of over 1 million wallets on its Berachain and Base networks.

According to the Web3 asset data platform RootData, Zoth is an ecosystem that connects traditional finance and on-chain finance liquidity and RWA. The first product, ZOTH -- Fixed Income (ZOTH-FI), is an institutional-grade fixed income market that brings RWA such as cross-border trade financing, treasury bills, and sovereign bonds.

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Zoth Taisu Ventures Fat Cat Ventures

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