We’re pleased to announce that Anzen will deploy tokenized private credit assets on Canto. The partnership represents a growing interest in Canto’s neofinance infrastructure while bringing institutional-grade, debt-based Real World Assets (RWAs) onchain.

Anzen x Canto

Anzen is a decentralized lending platform where users can supply stablecoins to earn yield generated by Real World Assets. The assets primarily consist of short-term debt with fixed repayment schedules, in categories such as SMB financing, auto loans, and trade receivables. The assets are backed by collateral, utilizing loan covenants and real-time monitoring to ensure greater safety for lenders.

Anzen is built by a team of credit investment experts with over a decade of joint lending experience. Since 2018, the team has been researching mechanisms to bring credit assets onchain – and Canto is well-positioned for deployment.

With its feeless lending market, and permissionless unit of account (NOTE), partially backed by tokenized treasury bills, Canto has laid the foundation for a new era of neofinance.

“We are thrilled to launch RWAs natively on Canto, bringing a diverse set of exclusive assets onchain,” said Ben Shyong, Cofounder Anzen. “Private credit is a $8 trillion Tradfi market which plays a vital role in financing the real economy, and we are excited to enable DeFi natives to participate in this growing market.”

For more details on Anzen, visit anzen.finance.

About Canto

Canto is a Layer 1 blockchain built with the Cosmos SDK that offers an EVM execution layer and core financial primitives, including a decentralized exchange, lending market, and unit of account (NOTE). Canto presents the radical notion that DeFi primitives should exist as Free Public Infrastructure (FPI), or free-to-use public utility protocols. Development is stewarded by the Canto Commons, an open and permissionless framework for coordinating around a decentralized public protocol.

In Sept 2023, the Commons announced a planned migration to a ZK L2 on Ethereum – powered by Polygon CDK. This ZK chain will be dedicated to Real World Assets in support of neofinance.