Zoth Raises $2.5M in Funding, Plans for Blockchain Development, Financial Partnerships, and Marketing

Zoth Raises $2.5M in Funding

Key Highlights:

• Funding Round: Zoth, a Singapore-based stablecoin and yield company, raised $2.5 million in funding.
• Investors: The round was led by Blockchain Founders Fund, with participation from Momentum 6, Borderless Capital, Mindfulness Capital, Yap Capital, Singularity DAO, Aztlan Capital, Outlier Ventures, Orbit Startups, Graviton Web3 Accelerator, and others.
• Company Focus: Zoth aims to build a multichain stablecoin-powered #RWA ecosystem, connecting liquidity across Traditional Finance and Onchain Finance to accelerate the flow of assets and capital between sectors.

Zoth's Target Market

• Target Market: Zoth targets investors and institutions interested in accessing top-tier Fixed Income assets through stablecoins.
• Traditional Finance and Onchain Finance: Zoth aims to bridge the gap between traditional financial markets and blockchain-based finance, facilitating the flow of trillions into sustainable Real World Assets (RWAs).
• Asset Classes: Zoth covers a diverse range of asset classes, including Cross Border Trade Finance, Sovereign Government Bonds, and Corporate Credit.

What Zoth Needs to Buy

• Blockchain and Smart Contract Development: Collaborating with blockchain developers and experts to enhance their stablecoin-powered ecosystem.
• Partnerships with Financial Institutions: Establishing partnerships with banks and financial institutions to access top-tier Fixed Income assets.
• Marketing and Branding Services: Engaging with marketing agencies to promote their stablecoin-powered ecosystem and attract investors.