TechFlow news, April 30 — According to Tech in Asia, decentralized lending protocol Pencil Finance has secured $10 million in liquidity support from Open Campus and Animoca Brands. The funds will serve as collateral for decentralized finance (DeFi) student loans on its Edu Chain platform.
The Edu Chain platform connects global investors with student loan originators through tokenized loan pools, aiming to enhance transparency and efficiency. The platform has issued its first loan to HackQuest to support student developers in learning about Edu Chain. Edu Chain provides blockchain infrastructure support for Pencil Finance's operations, offering technical backing for its student loan business.




