Earlier this year, Gold Car Rent, a corporate vehicle rental company in Dubai, sought growth capital to expand its fleet and meet rising demand from long-term corporate clients. Instead of turning to traditional bank financing, the company raised capital through 8lends, a Web3-based crowdlending platform that connects global investors with real-world business loans. The financing was backed by collateral, specifically a fleet of Mercedes-Benz Vito vans owned by Gold Car Rent, which were appraised and used to secure the loan. The loan capital itself was released in stages, with each tranche unlocked only after the required documents and invoices were verified
source: https://beincrypto.com/web3-crowdlending-sustainable-yield-8lends/