Close Menu
    Facebook X (Twitter) Instagram
    Friday, July 11
    X (Twitter) Instagram LinkedIn YouTube
    Chain Tech Daily
    Banner
    • Altcoins
    • Bitcoin
    • Crypto
    • Coinbase
    • Litecoin
    • Ethereum
    • Blockchain
    • Lithosphere News Releases
    Chain Tech Daily
    You are at:Home » Animoca-backed Pencil Finance issues first ever blockchain-based student loans
    Crypto

    Animoca-backed Pencil Finance issues first ever blockchain-based student loans

    James WilsonBy James WilsonJuly 10, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Pencil Finance raises on-chain capital for student loans, issuing $1 million in real-world loans.

    Real-world assets are increasingly finding applications in real life. On Thursday, July 10, Pencil Finance, the student loan real-world asset protocol, issued its first-ever student loan capital raised entirely on-chain.

    The $1 million in loan capital, raised on the Pencil Finance platform, will be used to expand educational opportunities in emerging markets. The focus will be on Asia, including the Philippines and Indonesia. Capital will be distributed through ErudiFi, which will then issue student loans for tuition funding to university students.

    At the same time, users who provided the capital will earn yields based on student loan repayments. Specifically, $750,000 of the capital will offer a fixed 15% annual percentage yield. Another $250,000 will offer variable APY with first-loss risk.

    Blockchain to expand educational opportunities

    The platform was launched with support from Hong Kong-based blockchain conglomerate Animoca Brands. Yat Siu, co-founder and executive chairman of the firm, believes that Pencil Finance demonstrates the real-world, positive use cases for blockchain.

    “By issuing student loans with funds that originated on-chain for the first time, Pencil Finance demonstrates how decentralized technology can directly empower learners and transform access to education worldwide,” Yat Siu, Animoca Brands.

    This sentiment was echoed by Frank Li, co-founder of Pencil Finance, who stated that blockchain can have a meaningful social impact. The goal, he explained, is to make education across the world more accessible.

    “For the first time, students across emerging markets can benefit from transparent, efficient funding powered by on-chain finance. We’re proud to help open doors for the next generation of talent,” Frank Li, Pencil Finance.

    Animoca Brands is a game developer, NFT platform, and venture capital firm focused on crypto businesses. The company funds a large number of crypto-based startups, especially in Asia.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleHere’s why Bitcoin hit an all-time high and can run to $120k
    Next Article BRETT price eyes breakout as price surges 15% amid market-wide rally
    James Wilson

    Related Posts

    Top 5 Ways to Buy TON Inside Telegram (July 2025)

    July 11, 2025

    15+ Telegram Trading Bots For Solana— Full list (July 2025)

    July 11, 2025

    Pionex Review — Simple trading bots for passive traders

    July 11, 2025
    Leave A Reply Cancel Reply

    Don't Miss

    Imagen Network Deploys XRP-Based Modules to Expand Liquidity Support for Web3 Social Frameworks

    Top 5 Ways to Buy TON Inside Telegram (July 2025)

    15+ Telegram Trading Bots For Solana— Full list (July 2025)

    Pionex Review — Simple trading bots for passive traders

    About
    About

    ChainTechDaily.com is your daily destination for the latest news and developments in the cryptocurrency space. Stay updated with expert insights and analysis tailored for crypto enthusiasts and investors alike.

    X (Twitter) Instagram YouTube LinkedIn
    Popular Posts

    Imagen Network Deploys XRP-Based Modules to Expand Liquidity Support for Web3 Social Frameworks

    July 11, 2025

    Top 5 Ways to Buy TON Inside Telegram (July 2025)

    July 11, 2025

    15+ Telegram Trading Bots For Solana— Full list (July 2025)

    July 11, 2025
    Lithosphere News Releases

    Imagen Network Deploys XRP-Based Modules to Expand Liquidity Support for Web3 Social Frameworks

    July 11, 2025

    Imagen Network (IMAGE) Launches RLUSD-Based Components for Stable AI-Powered Social Transactions

    July 10, 2025

    AGII Expands Deployment Control Systems for Predictable Smart Contract Handling

    July 9, 2025
    Copyright © 2025

    Type above and press Enter to search. Press Esc to cancel.