According to Odaily, Anzen Finance, the issuer of RWA stablecoin, has successfully completed a seed funding round, raising $4 million. The funding round saw participation from several investors including Mechanism Capital, Circle Ventures, Frax, Arca, Infinity Ventures, Cherubic Ventures, Palm Drive Ventures, M31 Capital, and Kraynos Capital.
Despite the completion of this funding round, there will be no changes to the board of directors at Anzen Finance. The company allows its users to mint the stablecoin USDz, which is backed by a diversified portfolio of private credit assets. These real-world assets provide collateral for USDz, and the token can be pledged in other DeFi protocols.
This funding round marks a significant milestone for Anzen Finance as it continues to expand its operations and services in the DeFi sector.