🌎 Zoth Raises $4M to Launch Tokenized Liquid Note with U.S. T-Bills

Real-world asset startup Zoth has successfully raised $4 million in a strategic funding round to launch its Tokenized Liquid Note, featuring assets like U.S. Treasury Bills and corporate bonds.

Zoth, a decentralized finance (DeFi) real-world assets startup, aims to bring traditional fixed-income instruments onto the blockchain. The $4 million funding round is a significant step in this direction.

In an August 5 press release, the Singapore-headquartered startup announced that the funding was supported by Taisu Ventures, G20, Fat Cat Ventures, GemHead Capital, and Foundership Ventures, among others.

Zoth CEO Pritam Dutta shared insights on the funding, stating that the team is focused on building a “one-stop crypto yield layer solution for sustainable yield by harnessing onchain permissioned RWAs and permissionless DeFi fixed-yield products.” The startup has already deployed $13 million in private credit, with over $100 million originated and $200 million in the pipeline.

Crypto Business Bets on Real World Assets (RWA)

Founded in 2023 by Pritam Dutta and Koushik Bhargav, Zoth aims to become a chain-agnostic crypto yield layer. It seeks to provide institutional and accredited investors with easy access to secure and sustainable fixed-income yield products onchain.

Besides the latest funding, Zoth previously raised $2.5 million in a seed round led by Blockchain Founders Fund. Other backers included Borderless Capital, Mindfulness Capital, YAP Capital, Singularity DAO, and Wormhole. In June, Ripple’s XRPL Accelerator listed Zoth among 18 startups to help scale their projects on the XRP Ledger.

Beyond Ripple, Zoth has collaborated with other partners such as Chainlink, Celo, XDC, and Funfair Ventures to bridge liquidity between traditional finance and decentralized finance (DeFi).