Peter Thiel-backed Founders Fund leads a $5 million token buy in crypto collateral protocol Anvil
Pantera Capital and Bullish also participated in the ANVL purchase as Anvil rolls out software designed to make its collateral protocol easier for businesses to integrate.
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Summary
- Founders Fund led a $5 million purchase of Anvil governance tokens, with participation from Pantera Capital, Theta Blockchain Ventures, Bullish and Protoscale Capital.
- Anvil launched a software development kit intended to help businesses and financial institutions integrate its digital-asset collateral technology without writing blockchain code.
- Unlike conventional decentralized finance lenders, Anvil uses collateral to guarantee financial commitments without requiring the provider to take out a loan or pay interest.
