Odaily Planet Daily reports that Dow Protocol has announced the completion of a $10.5 million seed round led by MH Ventures and Mapleblock Capital, with participation from Animoca Brands, Arcane Group, Hashkey Chain, Essentia Partners, Quartet Group, and others. The project primarily provides working capital financing to top global e-commerce merchants based on sales receivables and verified operational data, settling payments in stablecoins and leveraging on-chain programmable terms to serve broad e-commerce PayFi RWA financing scenarios.
Dow Protocol Completes a $10.5M Seed Round Led by MH Ventures and Mapleblock Capital
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Summary
Dow Protocol has secured a $10.5 million seed round led by MH Ventures and Mapleblock Capital, with participation from Animoca Brands, Arcane Group, Hashkey Chain, Essentia Partners, and Quartet Group. The protocol update focuses on providing working capital advances to top e-commerce merchants using sales accounts receivable and operational data. Settlements are conducted via stablecoins, with on-chain programmable terms for PayFi RWA advances in the e-commerce sector. On-chain updates highlight the project’s integration of blockchain for real-world asset tokenization.
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