KASU secures $3M for groundbreaking RWA lending platform – FinTech Futures

January 11, 2024
1 min read

KASU, a Real World Asset (RWA) business lending protocol, has raised $3 million in a seed funding round. The round was led by Woodstock, Morningstar Ventures, and Faculty Group, with participation from Cypher Capital, Matterblock, Andromeda Capital, and others. KASU aims to revolutionize RWA lending and risk management technology by leveraging accounts receivable automation financing technology to optimize debtor book lending. The funding will be used to advance KASU’s platform and improve credit risk and risk management. The raise was supported by industry leaders and KOLs, highlighting broad support for KASU’s mission. The joint venture between Faculty Group and Apxium Technologies will introduce a groundbreaking approach to RWA lending, combining Web3 and DeFi technologies to deliver risk-optimized yields.

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