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Animoca Brands provided $10 million in funding to Pencil Finance as collateral for student loans on the Edu Chain.
According to Mars Finance news on April 30, as reported by techinasia, the DeFi lending platform Pencil Finance has secured $10 million in liquidity from Open Campus and Animoca Brands. These funds will be used as collateral for student loans on its Edu Chain platform, which connects global investors with student loan initiators through tokenization of loan packages to enhance transparency and efficiency.