Zivoe to Launch Real-World Asset Credit Protocol Democratizing Access to Credit
George Town, Cayman Islands, July 18th, 2024, Chainwire
Zivoe, a Real-World Asset (RWA) credit protocol, is thrilled to announce its upcoming launch with a targeted launch date of July 31st. This event marks a significant milestone in leveraging blockchain technology to democratize access to credit.
Zivoe aims to broaden credit access by linking on-chain liquidity with real-world borrowers. Initially, Zivoe will issue on-chain loans to a strategic lending partner, who will then use that capital to originate more affordable fiat loans to consumers. In the long term, Zivoe plans to engage directly with consumers, further bridging the gap between on-chain finance and traditional financial (TradFi) systems.
The launch coincides with Zivoe’s Initial Tranche Offering (ITO), a unique liquidity bootstrapping mechanism designed to attract initial Total Value Locked (TVL). Liquidity providers (LPs) can deposit stablecoins into either Zivoe’s senior or junior tranche, receiving Tranche Tokens in return. These tokens aim to offer risk-stratified exposure to Zivoe’s loan portfolio, which is secured by a special purpose vehicle (SPV) backed by the cash flows from consumer loans and can be staked to earn yield.
ITO participants will also be eligible to receive $ZVE, the platform’s native governance and utility token, which will be airdropped upon the completion of the ITO. The ITO is scheduled to begin on July 31st and will run for up to 30 days.
Led by a team with extensive experience in both TradFi consumer lending and decentralized finance (DeFi), Zivoe has successfully raised $8.35 million in a funding round featuring prominent investors such as Andrew Keys, Iceberg Capital, Concave, and others.
“We are grateful to reach this significant milestone and blessed to introduce an innovative solution to the traditional lending industry,” said Kristal Gruevski, Founder and General Counsel of Zivoe. “Our ITO will provide DeFi users (US Accredited Investors and Non-US persons only) with unprecedented access to the consumer credit market. This is just the beginning of a new era where blockchain technology and real-world lending converge. We are beyond excited to help millions of underserved individuals around the world while bringing a new RWA product to DeFi.”
Disclaimer: For non-U.S. persons and U.S. accredited investors only. Providing liquidity involves risks, including complete risk of loss. Please review terms and conditions and consult with a professional advisor as needed.
For more information about Zivoe and its upcoming Initial Tranche Offering, please visit https://www.zivoe.com/.
About Zivoe:
Zivoe is a Real-World Asset credit protocol set to disrupt the multi-billion dollar high-interest consumer lending market. By connecting global DeFi liquidity to private credit markets, Zivoe aims to channel much-needed capital into underserved areas, making credit more accessible and affordable for everyone. Additionally, Zivoe seeks to introduce consumer loans as a new source of Real-World Assets in DeFi markets, enriching the ecosystem with yield opportunities derived from real economic activity.