Zivoe Secures $8.35 Million to Expand Credit Access

Zivoe, a protocol focused on Real-World Asset (RWA) credit, has successfully secured $8.35 million in a financing round that included notable investors like Andrew Keys, Iceberg Capital, and Concave.

This funding comes as Zivoe gears up to launch its credit protocol, which aims to enhance credit accessibility by linking on-chain liquidity with borrowers in the real world. The official launch date is set for July 31.

Initially, Zivoe plans to provide on-chain loans through a strategically selected and regulated lending partner, which is intended to offer consumers improved interest rates. Looking ahead, the protocol aims to interact directly with consumers, effectively bridging the gap between on-chain finance and conventional financial systems.

Kristal Gruevski, the Founder and General Counsel of Zivoe, expressed gratitude for reaching this significant milestone, stating, “We are excited to introduce an innovative solution to the traditional lending industry. Our Initial Tranche Offering (ITO) will provide DeFi users with unprecedented access to the consumer credit market. This marks the beginning of a new era where blockchain technology and real-world lending converge. We look forward to assisting millions of underserved individuals globally while introducing a new RWA to DeFi.”

The tokenization of real-world assets is becoming one of the most promising applications of cryptocurrency. This process entails transferring tangible assets from the physical realm to the blockchain. Tokenizing securitized loans facilitates a simpler process, reduces administrative costs, and broadens investment opportunities for a wider array of investors.

The launch of Zivoe’s platform will coincide with its Initial Tranche Offering (ITO), designed as a liquidity bootstrapping mechanism to attract initial Total Value Locked (TVL). Liquidity providers will be able to invest stablecoins into Zivoe’s senior or junior tranches, receiving Tranche Tokens in exchange.

These tokens provide risk-adjusted exposure to Zivoe’s loan portfolio, which is secured by a special purpose vehicle backed by cash flows from consumer loans. Additionally, participants can stake these tokens to earn yields from real-world consumer loans.

Those participating in the ITO will also be eligible to receive the platform’s native governance and utility token, $ZVE, which will be airdropped as a reward for their involvement in Zivoe’s governance framework. The ITO is scheduled to commence on July 31 and will last for 30 days.