Animoca Brands provides $10 million in funding to Pencil Finance as collateral for student loans on Edu Chain

BlockBeats reported on April 30th that DeFi lending Pencil Finance has received $10 million in liquidity from Open Campus and Animoca Brands, according to TechChinasia. These funds will be used as collateral for decentralized finance (DeFi) student loans on its Edu Chain platform, which connects global investors with student loan initiators through tokenized loan packages to enhance transparency and efficiency.