Zoth Raises $4 Million to Launch Tokenized Liquid Note

Zoth, a DeFi yield infrastructure company, has successfully extended its funding to $4 million in a strategic round. This investment will support the launch of Zoth’s Tokenized Liquid Note, which includes secure, low-risk assets such as U.S. Treasury Bills (T-Bills) and top-rated corporate bonds.

The funding round attracted prominent investors including Taisu Ventures, G20, Fat Cat Ventures, GemHead Capital, Foundership Ventures, DCI Capital, Absolute Digital VC, Gydra Capital, and AstraX Capital. Support also came from financial and crypto angels from companies like Coinbase and Hedera, along with a grant from Ripple’s XRPL Foundation.

Company Vision and Goals

Founded in January 2023 by Pritam Dutta and Koushik Bhargav, Zoth aims to merge permissioned Real World Assets (RWAs) with permissionless DeFi products on the blockchain. The company provides institutional and accredited investors with access to secure financial products on-chain.

Pritam Dutta, CEO of Zoth, stated, “We’re thrilled to close this strategic funding round and pursue new opportunities at Zoth. We believe the biggest opportunities in the crypto-asset industry lie within these sectors, and this strategic round shows investor confidence in this space.”

Zoth’s Financial Products

To date, Zoth has deployed $13 million in private credit, with over $100 million originated and $200 million in the pipeline. Zoth’s inaugural product, Zoth-Fi, offers stablecoin-based financial solutions to institutions and qualified investors across more than eight blockchains, including Ethereum, Polygon, and XDC.

The Zoth Tokenized Liquid Note ($ZTLN), with a fund size of $100 million, invests in short-term, high-quality instruments and provides transparency with weekly NAV updates, detailed disclosures, and live proof of reserve on Chainlink. Managed by experts recognized by Compound, Mastercard, Coinbase, and Fidelity, $ZTLN ensures 24/7 liquidity through licensed brokers and custodians.

Future Developments

Zoth is also developing Atlas, a permissionless yield product designed to be a comprehensive DeFi yield solution. Currently in the testnet phase, Atlas aims to educate DeFi users and incorporate RWAs and crypto strategies. The product has already reached over one million wallets via its gamified RWA index on Berachain and Base Network.

Takashi Hayashida, Managing Partner at Taisu Ventures, commented, “We’re excited to support Zoth’s vision for Real World Assets, bridging TradFi and DeFi. Their strategic approach and execution give us confidence in their ability to deliver sustainable fixed-income yields.”

Zoth’s recent strategic round follows a $2.5 million Seed Round led by Blockchain Founders Fund in April 2024, which included support from Borderless Capital, Mindfulness Capital, YAP Capital, Singularity DAO, Wormhole, and angels from top crypto-native companies like Circle.

About Zoth

Zoth is a DeFi infrastructure company that brings permissioned RWAs and permissionless DeFi financial products on-chain. The company operates with compliant infrastructure in the UAE and Luxembourg and collaborates with institutional partners like Coinbase Asset Management, Chainlink, Wormhole, Singularity DAO, and more.

Image by Liane Metzler from Unsplash

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