According to ChainCatcher, the real-world asset (RWA) credit protocol Zivoe announced the completion of $8.35 million in financing, with investors including Andrew Keys, Iceberg Capital and Concave. The funds will be used to expand credit channels. Zivoe plans to launch its credit protocol on July 31 and simultaneously launch ITO (Initial Tranche Offering). Liquidity providers can deposit stablecoins into Zivoe's senior pool or secondary pool and receive tokens in return.
According to RootData, a Web3 asset data platform, Zivoe is a real-world asset credit protocol that subverts predatory high-interest consumer lending while putting 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.
