ME News reports that on September 3 (UTC+8), Pencil Finance, a student loan real-world asset (RWA) protocol, completed its first fully on-chain student loan cycle, deploying $1 million in capital to finance approximately 6,600 students across Southeast Asia. Upon repayment, fund providers receive both principal and returns. The loan portfolio was funded in July 2025 by Animoca Brands, Open Campus, and New Campus, structured into senior tranches offering fixed returns and junior tranches with variable yields and first-loss exposure. The associated loans support 118 schools and universities in Southeast Asia, with approximately 1,050 students receiving direct funding; 50% of borrowers are female, and 93% come from low-income households. (Source: ODAILY)
Pencil Finance Completes a $1 Million On-Chain Student Loan Cycle for 6,600 Southeast Asian Students
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Summary
Pencil Finance, citing MetaEra, made headlines by completing its first $1 million on-chain student loan cycle for 6,600 students in Southeast Asia. The funds were deployed in July 2025 through senior and junior shares from Animoca Brands, Open Campus, and New Campus. The loans supported 118 schools, with 1,050 students receiving direct funding. Borrowers were 50% female and 93% from low-income backgrounds.
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