30 April 2025 – Pencil Finance, the scholar mortgage real-world-asset (RWA) protocol on EDU Chain that’s co-incubated by Animoca Manufacturers and HackQuest, right now introduced that Open Campus and Animoca Manufacturers have deployed US$10 million in liquidity as mortgage collateral to facilitate DeFi scholar loans on the Pencil Finance platform.
Pencil Finance is a decentralized lending protocol designed to carry scholar mortgage financing on-chain, remodeling how scholar debt is serviced. It connects world buyers with trusted scholar mortgage originators by tokenized mortgage bundles.
EDU Chain is a Layer 3 blockchain on Arbitrum Orbit that’s designed for consumer-facing schooling apps and on-chain schooling finance (EduFi). EDU Chain is powered by the EDU token (EDU) which is listed on Binance, KuCoin, Gate.io, Bithumb, MEXC, Bitmart, and varied different exchanges.
Open Campus, which is the muse behind EDU Chain, and Animoca Manufacturers have contributed US$10 million as liquidity to Pencil Finance for use as mortgage collateral. The purpose is to increase entry to schooling financing by blockchain expertise.
Current coverage adjustments within the U.S. may put tens of millions of debtors vulnerable to defaulting on their scholar loans, highlighting the pressing want for accessible, clear, and environment friendly financing options for the scholar mortgage market, which is estimated to be price round US$3 trillion globally (Market Analysis Future, April 2025).
Yat Siu, co-founder and govt chairman of Animoca Manufacturers, stated: “Blockchain is redefining how schooling is funded and developed. By bringing scholar loans on-chain, this initiative seeks to spice up transparency, effectivity, and Web3 adoption for doubtlessly a whole lot of tens of millions of scholars globally, whereas additionally growing monetary literacy. We consider it will have very vital implications for the US$3 trillion scholar mortgage market.”
Frank Li, co-founder of Pencil Finance, stated: “Blockchain expertise permits us to reimagine scholar lending from the bottom up. By bringing loans on-chain, we ship transparency, effectivity, and entry at a world scale, serving to college students in all places unlock new academic alternatives.”
Harry Zhang, co-founder and CMO of HackQuest, stated: ‘This milestone demonstrates the real-world impression of blockchain in schooling. On-chain loans empower college students and open new alternatives for buyers.”
By Pencil Finance’s scholar mortgage RWA protocol, whitelisted customers can present liquidity to mortgage swimming pools. Whitelisted customers can select to deploy capital to a Senior Tranche or a Junior Tranche for increased returns with first-loss threat. Pencil Finance permits loans to be deployed, and repayments to be managed, transparently on-chain.
Pencil Finance issued its first mortgage this week; the recipient is HackQuest, which is able to use the mortgage proceeds to incentivize scholar builders studying about EDU Chain on the HackQuest platform.
-END-
About Open Campus
Open Campus is a community-led DAO that’s constructing an on-chain schooling community to empower each educators and college students. Core contributors to the Open Campus DAO embody Animoca Manufacturers, TinyTap, NewCampus, RiseIn, and HackQuest. Collectively, they’re working with Open Campus to boost the schooling system for academics, learners, and establishments by utilizing progressive blockchain protocols and funding initiatives. Open Campus has launched EDU Chain, a Layer 3 blockchain on Arbitrum Orbit designed for consumer-facing schooling apps and on-chain schooling finance (EduFi), powered by the EDU token.
About Animoca Manufacturers
Animoca Manufacturers Company Restricted (ACN: 122 921 813) is a Web3 chief that leverages tokenization and blockchain to ship digital property rights to customers, serving to to ascertain the open metaverse and its related community results. It has obtained broad trade and market recognition together with Fortune Crypto 40, Prime 50 Blockchain Sport Corporations 2025, Monetary Occasions’ Excessive Progress Corporations Asia-Pacific, and Deloitte Tech Quick.
Animoca Manufacturers realizes its mission through three built-in enterprise pillars: working Web3 companies to advance blockchain adoption with native tasks akin to Moca Community, Anichess, The Sandbox, Open Campus, NEOM Web3 initiatives, and a regulated stablecoin venture in partnership with Commonplace Chartered and HKT; offering digital asset advisory providers together with tokenomics advisory, liquidity provisioning, and institutional analysis to assist exterior Web3 tasks develop; and funding administration, with a portfolio of investments in over 540 firms together with trade leaders Pudgy Penguins, Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, OpenSea, Dapper Labs, YGG, and lots of others.
For extra data go to www.animocabrands.com or observe on X, YouTube, Instagram, LinkedIn, Fb, and TikTok.
About HackQuest
HackQuest is the gateway to the Web3 growth world, offering a complete, one-stop academic infrastructure that minimizes friction and helps onboard builders and non builders to the world of Web3. HackQuest believes that bettering Web3 developer schooling is vital to driving mass adoption.
About Pencil FinancePencil Finance is a decentralized lending protocol centered on bringing real-world scholar mortgage financing on-chain. It connects buyers with verified scholar mortgage originators, turning scholar debt right into a clear, investable asset class. Pencil makes use of blockchain infrastructure, a dual-tranche capital construction, and good contracts to ship structured, risk-adjusted returns backed by real-world scholar mortgage portfolios, enabling sustainable yield era with tangible social impression.
Disclaimer: It is a paid submit and shouldn’t be handled as information/recommendation. LiveBitcoinNews just isn’t chargeable for any loss or harm ensuing from the content material, merchandise, or providers referenced on this press launch.