Zoth, has raised $2.5 million in funding it is a stablecoin and yield startup based in Singapore.
Blockchain Founders Fund led the round, with participation from Graviton Web3 Accelerator, Momentum 6, Borderless Capital, Mindfulness Capital, Yap Capital, Singularity DAO, Aztlan Capital, Outlier Ventures, and Orbit Startups.
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To get ready for its impending IPO, the company plans to use the money to create a multichain stablecoin-powered RWA ecosystem.
By connecting liquidity between Onchain Finance and Traditional Finance, it’s ecosystem effectively speeds up the flow of capital and assets between these two industries. The business wants to make finance more accessible and equitable globally by accelerating the flow of trillions into sustainable RWAs.
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ZOTH-FI, the initial offering, is an example of an Institutional Grade Fixed Income Marketplace that gives investors access to stable coins that represent premium Fixed Income assets. Corporate Credit, Sovereign Government Bonds, and Cross-Border Trade Finance are just a few of the many asset classes that Zoth offers.
About Zoth
Zoth ecosystem facilitates the flow of funds and assets between Traditional Finance and Onchain Finance by connecting liquidity between these two sectors. According to Zoth, the merger of blockchain technology with traditional finance is unavoidable. Together with the tokenization of traditional assets with high market capitalization, onchain finance is expected to see a significant inflow of institutional money totaling trillions of dollars.
