Anzen Finance Secures $4M Seed Round to Tokenize Real-World Assets on LayerZero

The company offers a real-world asset tokenisation token USDz backed by a diversified portfolio of private credit assets. The token allows holders to collateralise assets on-chain through staking.

Anzen Finance, a company offering a real-world asset tokenisation token, has raised $4 million in a seed round led by Mechanism Capital, Circle Ventures, Frax, Arca, Infinity Ventures, Cherubic Ventures, Palm Drive Ventures, M31 Capital, Kraynos Capital and others.

The company’s token, called USDz, is backed by a diversified portfolio of private credit assets and can be used for a variety of purposes, including collateralising assets on-chain through staking, trading on decentralised exchanges and making payments, according to information on the company’s website.

Anzen also leverages LayerZero’s Omnichain Fungible Token (OFT) standard to bridge USDz across multiple chains.

“We are focusing on adoption and new use cases for USDz across partner protocols and multiple chains,” Anzen founder Ben Shyong told The Block.

“This means that Anzen users will have plenty of opportunities with many dApps to earn rewards as a USDz holder. For example on Base, there’s a USDz-USDC liquidity pair on Aerodrome where USDz holders can earn Aero incentives.”

DeFiLlama data shows that Aerodrome is the largest protocol on Base with total value locked (TVL) of $725 million at the time of writing. Many of the other protocols on Base also support other chains.

Crypto staking and real-world tokenisation have emerged as two of the rapidly growing use cases in the industry, especially following the entry of global asset manager BlackRock into the space with its investment in Securitize and its BUIDL token earlier this year.

Another company, EigenLayer, also launched its mainnet earlier this year to facilitate the tokenisation of real-world assets at scale.