Anzen Finance
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Anzen Finance - overview
Established
2020
Location
-, -, Hong Kong SAR - China
Primary Industry
Financial Services
About
Founded in 2020 and based in Hongkong, Anzen Finance operates as a blockchain technology company that provides digital assets to global markets. In May 2024, Anzen Finance raised USD 4 million in seed funding co-led by Mechanism Capital, Circle Ventures, Frax Finance, Arca Capital, Infinity Ventures, Cherubic Ventures, Palm Drive Capital, M31 Capital, Kraynos Capital and other investors. USDz is a decentralized stablecoin backed by a diversified portfolio of real-world assets, specifically focusing on cash-flowing, overcollateralized private credit securities. It aims to provide stable yields in various market conditions, with an annual percentage yield (APY) associated with different financing options.
Users can acquire USDz through decentralized exchanges and utilize it across multiple DeFi platforms for staking and lending. The stablecoin's value is maintained through mechanisms that ensure it is backed by at least one USD worth of collateral. The company intends to use the May 2024 funding to support the technological advancement of its platform and diversify its business offerings.
Current Investors
Arca Capital, Cherubic Ventures, Palm Drive Capital
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.anzen.finance/
Verticals
Blockchain, Blockchain, Cloud Computing, FinTech
Company Stage
Angel & Seed
Total Amount Raised
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