# Anzen Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/anzen-finance

- Industry: Financial Services
- Headquarters: Hong Kong SAR - China
- Website: www.anzen.finance/
- Total disclosed funding: $4M
- Latest round: Seed (May 28, 2024)
- Investors on record: 9

## About

Founded in 2020 and based in Hongkong, Anzen Finance operates as a blockchain technology company that provides digital assets to global markets. In May 2024, Anzen Finance raised USD 4 million in seed funding co-led by Mechanism Capital, Circle Ventures, Frax Finance, Arca Capital, Infinity Ventures, Cherubic Ventures, Palm Drive Capital, M31 Capital, Kraynos Capital and other investors. USDz is a decentralized stablecoin backed by a diversified portfolio of real-world assets, specifically focusing on cash-flowing, overcollateralized private credit securities. It aims to provide stable yields in various market conditions, with an annual percentage yield (APY) associated with different financing options. Users can acquire USDz through decentralized exchanges and utilize it across multiple DeFi platforms for staking and lending. The stablecoin's value is maintained through mechanisms that ensure it is backed by at least one USD worth of collateral.  The company intends to use the May 2024 funding to support the technological advancement of its platform and diversify its business offerings.

## Funding rounds

- Seed, May 28, 2024, $4M — Arca Capital, Cherubic Ventures, Palm Drive Capital, M31 Capital, Infinity Ventures, Mechanism Capital, Circle Ventures, Kraynos Capital, Frax Finance

## Investors

- Arca Capital (https://capitalatlas.ai/funds/arca-capital) — Seed
- Cherubic Ventures (https://capitalatlas.ai/funds/cherubic-ventures) — Seed
- Palm Drive Capital (https://capitalatlas.ai/funds/palm-drive-capital) — Seed
- M31 Capital (https://capitalatlas.ai/funds/m31-capital) — Seed
- Infinity Ventures (https://capitalatlas.ai/funds/infinity-ventures) — Seed
- Mechanism Capital (https://capitalatlas.ai/funds/mechanism-capital) — Seed
- Circle Ventures — Seed
- Kraynos Capital (https://capitalatlas.ai/funds/kraynos-capital) — Seed
- Frax Finance — Seed