Pencil Finance announces $10 million in student loan funding, supported by Animoca Brands and Open Campus
According to official sources, Pencil Finance, a student lending RWA protocol on EDU Chain co-incubated by Animoca Brands and HackQuest, has announced that Open Campus and Animoca Brands have deployed $10 million in liquidity as loan collateral to facilitate DeFi student lending on the Pencil Finance platform.
Pencil Finance is a decentralized lending protocol aimed at bringing student loan funding on-chain, thereby revolutionizing the way student debt is repaid. It connects global investors with trusted student loan originators through tokenized loan portfolios.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The total cryptocurrency market capitalization has shrunk by nearly $100 billions in the past 19 hours.
Trending news
MoreFramework Ventures Co-founder: In 2026, the market focus will shift to mainstream tokens, and institutions will continue to invest in high-quality DeFi blue-chip projects
The proposed South Korean Digital Assets Basic Act is expected to include a no-fault liability and stablecoin bankruptcy protection mechanism, with the government's submission of the bill possibly delayed until next year.
Crypto prices
More
