TechFlow reports that Anzen Finance, the issuer of digital dollar USDz, has completed a $4 million seed funding round. The round was participated by Mechanism Capital, Circle Ventures, Frax, Arca, Infinity Ventures, Cherubic Ventures, Palm Drive Ventures, M31 Capital, Kraynos Capital, and others.
USDz is backed by a diversified portfolio of private credit assets. These cash-flowing real-world assets (RWA) collateralize the token, which can also be staked within other DeFi protocols. Anzen has launched on both Ethereum Layer 1 and Layer 2 networks.
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