Dubai, United Arab Emirates, August 5, 2024, Chainwire
Zotha Defi Yield infrastructure company, has successfully expanded its fundraising to $4 million in strategic round to launch its innovative Tokenized Liquid Note, comprised of low-risk secured assets such as US Treasuries (T-Bills) and investment-grade corporate bonds from leading global financial institutions.
This is a major milestone in Zoth’s mission to bring permissioned real-world assets (RWA) and permissionless DeFi products to the blockchain.
The funding round attracted high-profile investors including Taisu Ventures, G20, Fat Cat Ventures, GemHead Capital, Foundership Ventures, DCI Capital, Absolute Digital VC, Gydra Capital, and AstraX Capital. Zoth also secured support from major financial and crypto investors from companies like Coinbase and Hedera, as well as a grant from Ripple’s XRPL Foundation.
Founded in January 2023 by Pritam Dutta and Koushik Bhargav, Zoth aims to become a blockchain-agnostic crypto yield layer, providing institutional and accredited investors with access to secure on-chain financial products.
“We are excited to close this strategic funding round and look forward to new opportunities at Zoth. We are building a unique crypto yield layer solution for sustainable yield by leveraging on-chain permissioned RWA and permissionless DeFi fixed yield products. We believe the biggest opportunities in the crypto asset space lie in these sectors, and this strategic round shows investor confidence in this space,” said Pritam Dutta, Founder & CEO, Zoth.
To date, Zoth has deployed $13 million in private credit, with over $100 million issued and $200 million in development. The company is building a regulated ecosystem for innovative products, starting with Zoth-Fi, which provides stablecoin-based financial solutions to institutions and accredited investors on over eight blockchains, including Ethereum, Polygon, and XDC. Additionally, Zoth is integrating multi-chain RWA into new ecosystems such as Bitcoin via Bitlayer.
Takashi Hayashida, Managing Partner at Taisu Ventures, commented: “We are excited to support Zoth’s innovative vision for real-world assets, bridging TradFi and DeFi. At Taisu Ventures, we are bullish on Zoth’s RWA and goal to be the go-to solution for creating a yield layer in crypto. Their strategic approach and execution give us confidence in their ability to deliver sustainable fixed income yields. We are excited to back a project with such a compelling vision and capabilities.”
The Zoth Tokenized Liquid Note ($ZTLN) is $100 million in size and invests in high-quality short-term instruments. It offers transparency with weekly NAV updates, detailed information, and live proof of reserve on Chainlink. Managed by experts recognized by Compound, Mastercard, Coinbase, and Fidelity, it provides 24/7 liquidity through licensed brokers and custodians. The product includes audited smart contracts and interoperable security tokens compatible with multiple blockchains
Zoth is also developing Atlas, a permissionless yield product aiming to be a complete DeFi yield solution. Currently in the testnet phase, Atlas is designed to educate DeFi users and integrate RWA and crypto strategies. The product has already reached over 1 million wallets via its gamified RWA index on Berachain and Base Network.
This follows Zoth’s $2.5 million funding round led by Blockchain Founders Fund in April 2024, with other backers including Borderless Capital, Mindfulness Capital, YAP Capital, Singularity DAO, Wormhole, and prominent angel investors from crypto-native companies like Circle and many more.
“Zoth’s successful strategic fundraise is a strong validation of their vision that we believed in from the beginning,” said Aly Madhavji, Managing Partner of Blockchain Founders Fund. “Seeing other leading investors join us validates the significant impact Zoth is poised to make by merging traditional finance with decentralized technologies.”
Zoth’s growth follows a year of collaboration with institutional partners such as Coinbase Asset Management, Chainlink, Wormhole, Singularity DAO, XDC, TradeFinex, Funfair Ventures, and many more. Recognized by Fidelity FCAT and the Wormhole Foundation, ZOTH operates with compliant infrastructure in the UAE and Luxembourg. They have also partnered with diverse ecosystem partners, L1/L2 chains, regulated banks, and fintechs in the Middle East and Latin America.
About Zoth
Zoth is a DeFi infrastructure company that offers permissioned RWA and permissionless DeFi financial products on-chain
The inaugural offering, Zoth-Fixed Income (Zoth-Fi), is a blockchain-agnostic, institutional-grade platform that provides institutional and accredited investors with access to secured financial assets via stablecoins. Zoth aims to expand its suite of financial products, including Tokenized Liquid Note and Green Finance, as well as permissionless DeFi products.
Users can learn more about Zoth by visiting:
Website I Zoth-Fi I Atlas I Twitter I’m on Discord, on Telegram, on LinkedIn
Contact
Pritam Dutta pritam.dutta@zoth.io
Disclaimer: Press release sponsored by our business partners.
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