According to Techub News, the RWA tokenization platform Fortunafi completed a strategic seed round of financing of US$9.51 million with a valuation of US$48 million. Investors included Shima Capital, Manifold, Jordan Fish (also known as Cobie), Ari Litan of LayerZero Labs, Austin Green of Llama, Evanss6 and Scott Lewis.
Fortunafi was founded in 2020 and was originally one of the first issuers of the tokenization platform Centrifuge. Through partnerships with MakerDAO, Aave and others, Fortunafi has tokenized more than $15 million in private debt and institutional loans. In December last year, it developed its own proprietary tokenization platform called the Tokenized Asset Protocol (TAP), which is a cross-chain tokenization platform that allows users to natively mint real-world assets on multiple layer 1 and layer 2 networks.
Fortunafi also launched its new stablecoin protocol, Reservoir. It will provide users with a variety of yield products backed by digital and real-world assets.
