In the world of cryptocurrency, a significant achievement by an RWA project made headlines today. DeFi Yield infrastructure company Zoth expanded its $4 million strategic investment round to launch the Tokenized Liquid Note. This new product consists of US Treasury Bills and high-grade corporate bonds from global financial institutions. Zoth’s mission to bring permissioned real-world assets and permissionless DeFi products to the Blockchain marked an important milestone.
Entrepreneurial Spirit Shines in Zoth’s Strategic Investment Round
Founded in January 2023 by Pritam Dutta and Koushik Bhargav, Zoth stands out as a DeFi Yield infrastructure company. Major investors like Taisu Ventures, G20, Fat Cat Ventures, and Coinbase participated in Zoth’s strategic investment round. The company provides institutional and accredited investors with access to secure financial products on-chain.
Zoth’s new product, Tokenized Liquid Note (ZTLN), with a size of $100 million, invests in short-term, high-quality instruments. Transparency is ensured with weekly NAV updates and live proof of reserves on Chainlink. The product offers 24/7 liquidity through licensed brokers and custodians and features multi-Blockchain compatible audited smart contracts.
Statement from Taisu Ventures
Managing Partner Takashi Hayashida from Taisu Ventures expressed excitement in supporting Zoth’s innovative vision. Zoth’s goal of building a yield layer in the crypto space boosts investor confidence. Their strategic approaches and actions inspire trust in their ability to provide sustainable fixed income returns.
Zoth is also developing Atlas, an unauthorized yield product aiming to be a comprehensive DeFi yield solution. Currently in the testnet phase, Atlas aims to educate DeFi users and incorporate real-world assets and crypto strategies. The product reached over 1 million wallets through a gamified RWA index on Berachain and Base Network.
Vision of Blockchain Founders Fund
In April 2024, a $2.5 million fundraising round led by Blockchain Founders Fund reinforced Zoth’s success. Managing Partner Aly Madhavji states that Zoth’s strategic success strongly validates their vision from the start. The involvement of other key investors confirms Zoth’s potential to create significant impact by merging traditional finance with decentralized technologies.
Zoth continues to grow after a year-long collaboration with institutional partners like Coinbase, Chainlink, Wormhole, and Singularity DAO. Recognized by Fidelity FCAT and Wormhole Foundation, Zoth operates with compliant infrastructure in the UAE and Luxembourg. Additionally, it collaborates with diversified ecosystem partners, L1/L2 chains, regulated banks, and fintechs in the Middle East and Latin America.
