Anzen Finance, a key player in the RWA-stablecoin market, raised $4 million in seed funding from top venture capital firms, including Mechanism Capital and Circle Ventures. Announced in early May 2024, this funding aims to boost the USDz stablecoin’s integration across various blockchain networks.
Founded by Ben Shyong, Anzen Finance leverages tokenized real-world assets to back its USDz stablecoin, currently operational on Ethereum and the L2 protocol Base. This investment will help expand USDz’s utility within the decentralized finance (DeFi) ecosystem, allowing users to earn rewards through partnerships like the USDz-USDC liquidity pair on Aerodrome.
The RWA sector’s total value locked (TVL) neared $8 billion, underscoring its rapid growth. The strategic expansion of USDz positions Anzen Finance to enhance stability and user benefits in DeFi, potentially solidifying its market presence long-term.
