ChainCatcher news, according to Beincrypto, the AI-driven RWA Layer2 network Novastro has announced the completion of a $1.2 million seed round financing, led by Woodstock, with participation from Faculty group, Double peak group, Cogitent, X21, and Sam Tapaliya.According to the introduction, Novastro is an AI-driven Real World Assets (RWA) Layer 2 chain that integrates MoveVM and EigenLayer AVS. The network aims to provide Ethereum-level security while leveraging the efficient scalability of the Move language, supporting tokenized yield applications in the RWA and DeFi sectors. Its core framework is built around the RUSD stablecoin, which is specifically designed for the tokenization and trading of real-world assets.

ChainCatcher news, according to GlobeNewswire, the RWA lending platform Kasu announced the completion of a $3 million seed round financing, led by Woodstock, Morningstar Ventures, and Faculty Group, with participation from Cypher Capital, Matterblock, Andromeda Capital, NxGen, Rarestone Ventures, Asteroid Capital, and Optic Capital. The funds from this round of financing will be used to advance the innovative platform of Kasu, optimize the cash flow of enterprises, reduce credit risk, and provide risk management and returns.It is reported that KASU is a decentralized platform that connects DeFi liquidity providers with real-world yield providers, offering on-chain yields by leveraging real-world commercial borrowers to provide real-world cash flow and security.