Key Takeaways
- Funding Round: Zoth raised $4 million to support the launch of its Tokenized Liquid Note ($ZTLN), which combines low-risk assets like US Treasury Bills with DeFi fixed-yield products.
- Innovative Integration: Zoth aims to merge traditional finance (TradFi) and decentralized finance (DeFi) by providing institutional investors access to secure, sustainable fixed-income yields on multiple blockchains.
- Strong Support: The funding round saw investments from notable entities, including Taisu Ventures, G20, and a grant from Ripple’s XRPL Foundation, highlighting confidence in Zoth’s strategic vision.
Zoth, a company in the DeFi yield infrastructure space, has raised $4 million in a strategic funding round to launch its Tokenized Liquid Note. This new financial product will include low-risk assets such as US Treasury Bills (T-Bills) and top-rated corporate bonds, merging Real World Assets (RWAs) with DeFi fixed-yield products on the blockchain.
The funding round attracted investments from entities like Taisu Ventures, G20, Fat Cat Ventures, GemHead Capital, and Foundership Ventures. Support also came from financial and crypto angels associated with Coinbase and Hedera, along with a grant from Ripple’s XRPL Foundation.
Founded in January 2023 by Pritam Dutta and Koushik Bhargav, Zoth aims to be a chain-agnostic crypto yield layer, offering institutional and accredited investors access to secure and sustainable fixed-income yield products on-chain. Zoth has deployed $13 million in private credit, with over $100 million originated and $200 million in the pipeline.
The Zoth Tokenized Liquid Note ($ZTLN) is a $100 million fund that invests in short-term, high-quality instruments, offering stable and secure yields without a lock-in period. Managed by experts recognized by Compound, Mastercard, Coinbase, and Fidelity, ZTLN guarantees 24/7 liquidity through licensed brokers and custodians.
Takashi Hayashida, Managing Partner at Taisu Ventures, remarked, “We are enthusiastic about backing Zoth’s visionary approach to Real World Assets, bridging TradFi and DeFi. Zoth’s ambition to become the leading solution for building a yield layer in crypto is compelling.”
This strategic round follows Zoth’s $2.5 million Seed Round led by Blockchain Founders Fund in April 2024. Collaborations with partners like Coinbase Asset Management, Chainlink, and Wormhole have bolstered Zoth’s growth.
