DeFi protocol AlloyX has raised $2 million and announced the launch of an investment vault for tokenized “real world assets.”
— Alloyx (@alloyx_xyz) June 29, 2023
The pre-seed funding round was led by Hack VC. Members include Circle Ventures, DCG, Stratos, Lecca Ventures, MH Ventures, Early Ventures Archblock, dao5, and Credix Finance.
“The rise of blockchain tokenization is allowing crypto investors to diversify and benefit from the high returns on investments associated with traditional business and lending strategies known as “real world assets” — RWA”— noted the AlloyX team.
The volume of loans in this segment of decentralized finance has already exceeded $530 million. The project believes that the expansion of the sector is constrained by limited liquidity, insufficient cash flows and lack of composability.
The AlloyX protocol aggregates investments in tokenized loans — digitized liabilities backed by real assets. According to the statement, he is partnering with a number of DeFi landing projects such as Credix Finance, Goldfinch, Centrifuge, Flux Finance, and Backed Finance.
AlloyX investment vault combines Credix liquidity pool and tokenized US Treasuries. Lenders are investing in the USD Coin (USDC) stablecoin. The platform pools deposited assets and makes them available to borrowers through various protocols.
Investors receive vault tokens and investment income in return. They can use the provided liquidity to interact with other DeFi solutions for additional profit. According to the developers, other advantages of the solution are the ability to build your own investment strategies and a single point for completing procedures KYC.
AlloyX plans to launch the storage in the third quarter of 2023. The investment solution will only be available to customers outside the US.
Recall, according to Bernstein analysts, assets worth $5 trillion can be tokenized in the next five years.
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