Animoca Brands has provided $10 million in funding to Pencil Finance as collateral for student loans on Edu Chain.

BlockBeats News, April 30th, according to techinasia report, DeFi lending platform Pencil Finance has secured a $10 million funding round from Open Campus and Animoca Brands.

This funding will be used as liquidity for its Edu Chain platform's decentralized finance (DeFi) student loans collateral. The platform connects global investors with student loan originators through tokenized loan pools to enhance transparency and efficiency.

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