Summary of Key Points:
– Zoth, a real-world asset startup, raised $4 million in a strategic round.
– The startup aims to launch Tokenized Liquid Note with assets like U.S. Treasury Bills and corporate bonds.
– Funding was backed by Taisu Ventures, G20, Fat Cat Ventures, GemHead Capital, and Foundership Ventures.
– Zoth CEO, Pritam Dutta, aims to build a crypto yield layer solution for sustainable yield.
– The startup has deployed $13 million in private credit with significant amounts originated and in the pipeline.
– Zoth was founded in 2023 by Pritam Dutta and Koushik Bhargav.
– The startup also raised $2.5 million in a seed round led by Blockchain Founders Fund.
– Zoth collaborators include Ripple, Chainlink, Celo, XDC, and Funfair Ventures for bridging liquidity between traditional finance and defi.
Zoth’s Strategic Funding for Tokenized Liquid Note Launch
Zoth, a decentralized finance startup focusing on real-world assets, successfully secured a $4 million strategic round to support the launch of its digital fixed-income products. The funding, supported by Taisu Ventures, G20, Fat Cat Ventures, GemHead Capital, and Foundership Ventures, will aid in expanding Zoth’s offerings to include assets like U.S. Treasury Bills and corporate bonds on the blockchain.
Zoth’s Vision for Institutional Access to Crypto Yield Products
Founded in 2023 by Pritam Dutta and Koushik Bhargav, Zoth aims to provide institutional and accredited investors with secure and sustainable fixed-income yield products onchain, becoming a chain-agnostic crypto yield layer. Through collaborations with partners like Ripple, Chainlink, Celo, XDC, and Funfair Ventures, Zoth is working towards bridging liquidity between traditional finance and decentralized finance to offer a diverse range of investment opportunities.
