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Title: Zoth Raises $2.5 Million in Funding to Provide Sustainable RWA-Backed Yields

 Singapore, 10th April 2024: Zoth, an ecosystem bridging liquidity across TradFi and OnchainFi, has raised $2.5 million in funding to provide sustainable yields backed by real-world assets (RWAs) and to build a multichain stablecoin-powered RWA ecosystem, bringing native sustainable yield to DeFi.The seed funding round, led by Blockchain Founders Fund, features participation from Borderless Capital, Mindfulness Capital, YAP Capital, Momentum6, Singularity DAO, Aztlan Capital, Outlier Ventures, Decubate, Wormhole Ecosystem Fund, and prominent angels from top crypto-native companies, such as Huma Finance and Circle. This funding comes as the project prepares for a public token offering of $ZOTH. “At Zoth, we're building a multi-chain stablecoin-powered RWA ecosystem, harnessing sustainable yield generation on-chain and providing DeFi liquidity. With sustainable yields flowing into DeFi, we're navigating towards a trillion-dollar opportunity, propelling us towards a $1 billion TVL, backed by RWAs," said Pritam Dutta, Founder & CEO of Zoth."We are proud to support Zoth in reimagining RWA-backed yield generation. Finding stable, risk-adjusted yield is crucial for a healthy stablecoin ecosystem. The business model provides access to capital and an impact on emerging economies worldwide,” commented Mansoor Madhavji, Partner at Blockchain Founders Fund. Dr Alexander Jais, Founder & Managing Partner of YAP Capital said “We are incredibly excited to announce our support for Zoth as they build one of the leading lending platforms to tackle cross-border trade finance from emerging markets. By enabling third-party credit experts to operate and scale lending businesses on-chain, we believe Zoth is a natural, value-added gateway for institutions t...

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