August 05, 2024
Zoth, a DeFi Yield infrastructure company, has successfully extended its strategic funding round to $4 million to launch its innovative Tokenized Liquid Note. This product includes secure, low-risk assets such as US Treasury Bills (T-Bills) and top-rated corporate bonds from leading global financial institutions.
Project | Latest Raise | Latest Raise Date | Stage | Category |
|---|---|---|---|---|
Zoth | $4M | August 05, 2024 | Strategic Investment | RWA |
This milestone is a significant step in Zoth's mission to integrate permissioned Real World Assets (RWAs) and permissionless DeFi products into the blockchain ecosystem.
The funding round attracted notable investors, including Taisu Ventures, G20, Fat Cat Ventures, GemHead Capital, Foundership Ventures, DCI Capital, Absolute Digital VC, Gydra Capital, and AstraX Capital. Additionally, Zoth received support from top financial and crypto angels from companies like Coinbase and Hedera, as well as a grant from Ripple’s XRPL Foundation.
Founded in January 2023 by Pritam Dutta and Koushik Bhargav, Zoth aims to become a chain-agnostic crypto yield layer, offering institutional and accredited investors access to secure financial products on-chain.
About Zoth
Zoth is an innovative platform that bridges decentralized finance (DeFi) with real-world assets (RWAs). It offers institutional-grade fixed income products by tokenizing high-quality assets such as trade finance receivables, sovereign government bonds, and corporate credit. Zoth’s robust and mutualized pools create liquidity for these assets on-chain, providing secure and high-yield investment opportunities. The platform ensures compliance with stringent regulatory standards across various jurisdictions, making it a reliable choice for investors. By connecting traditional finance with on-chain finance, Zoth aims to accelerate the flow of assets and capital, making finance more accessible and fairer globally.
Website: https://zoth.io/
About Investor
The funding round attracted notable investors, including Taisu Ventures, G20, Fat Cat Ventures, GemHead Capital, Foundership Ventures, DCI Capital, Absolute Digital VC, Gydra Capital, and AstraX Capital. Additionally, Zoth received support from top financial and crypto angels from companies like Coinbase and Hedera, as well as a grant from Ripple’s XRPL Foundation.
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