PANews reported on April 30 that according to official news, Pencil Finance, the RWA protocol for education finance (EduFi), announced the completion of a $10 million liquidity pool financing supported by Animoca Brands and Open Campus, which aims to support Pencil Finance's first batch of on-chain education loans and debt financing for education companies. The funds have been deployed in Pencil Finance's liquidity pool on the Open Campus EDU Chain.
Pencil Finance will work with traditional education loan companies to put education loans in Southeast Asia and the United States on the blockchain, opening up a new asset class for on-chain investors. At the same time, Pencil Finance will help lower interest rates on education loans by providing traditional education loan companies with on-chain interest-earning opportunities.
