Odaily Planet Daily News RWA protocol Helix completed a $2 million Pre-Seed round of financing, led by Saison Capital and Superscrypt, with participation from Emurgo Ventures, Comma3 Ventures, Outlier Ventures, and Emoote. The specific valuation was not disclosed. The new financing will be used to prepare for the formal launch of the protocol and to hire additional business development and engineering staff.
According to reports, the project was incubated by Helicap, a private credit company in Singapore. Its platform pairs proprietary credit assessment tools with various credit opportunity channels, aiming to provide blockchain-based loans for enterprises in Southeast Asia.
Helix also said it intends to service institutional liquidity providers trading tokenized loan assets before maturity. The protocol is scheduled to launch on Ethereum in the fourth quarter of this year and may be expanded to other chains later. (The Block)