RWA startup Zoth raises $4m to launch tokenized liquid note

Real-world asset startup Zoth has raised $4 million in a strategic round to launch its Tokenized Liquid Note, which includes assets such as U.S. Treasury Bonds and corporate bonds.

Decentralized finance real-world assets startup Zoth has raised $4 million in strategic funding to advance its efforts to launch digital versions of traditional fixed-income instruments on the blockchain.

The Singapore-based startup stated in a press release shared with crypto.news on August 5 that the fund was backed by companies such as Taisu Ventures, G20, Fat Cat Ventures, GemHead Capital and Foundership Ventures.

Zoth CEO Pritam Dutta commented on the funding, stating that the team is working to build a “one-stop crypto yield layer solution for sustainable yield using on-chain permissioned RWAs and permissionless defi fixed income products.” The press release noted that the startup has raised $13 million in private loans to date, with more than $100 million sourced and $200 million in the investment phase.

Crypto businesses trust RWA

Founded in 2023 by Pritam Dutta and Koushik Bhargav, Zoth aims to be an off-chain crypto yield layer by providing institutional and accredited investors with easy access to secure and sustainable fixed income yield products on-chain.

In addition to the latest funding, the startup previously raised $2.5 million in a seed round led by Blockchain Founders Fund, along with other backers including Borderless Capital, Mindfulness Capital, YAP Capital, Singularity DAO, and Wormhole. In June, Ripple’s XRPL Accelerator included Zoth in its list of 18 startups to help them scale their projects on the XRP Ledger.

Beyond Ripple, Zoth has also collaborated with other partners such as Chainlink, Celo, XDC, and Funfair Ventures to combine liquidity between traditional finance and defi.