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.
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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.
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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.
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