Kelly
Editor
Zoth is pioneering with Atlas, an innovative DeFi yield product currently in the testnet phase, designed to seamlessly integrate real-world assets with cryptocurrency strategies. This platform aims to demystify yield farming for users by offering a gamified and user-friendly interface that makes financial strategies accessible and engaging. Atlas has already attracted over 1 million wallets, showcasing its potential to revolutionise DeFi engagement and education.
Zoth, a pioneering DeFi Yield infrastructure firm, has expanded its financial frontiers by introducing the Tokenised Liquid Note, which follows an enlarged $4 million financing round. This new financial instrument combines US Treasury Bills and high-quality corporate bonds, providing investors 24-hour liquidity and a secure on-chain investing choice. Zoth intends to bridge the gap between traditional and decentralised finance by combining standard financial instruments with blockchain technology, making investments in real-world assets more accessible and efficient.
Zoth was founded in January 2023 by entrepreneurs Pritam Dutta and Koushik Bhargav. The firm soon established itself as a dominant competitor in the DeFi space. Major financial institutions, including Taisu Ventures, G20, Fat Cat Ventures, and Coinbase, have invested in Zoth, acknowledging its potential to transform on-chain financial services. Zoth aims to offer safe financial solutions based on blockchain technology to institutional and authorised investors. These products claim to generate long-term gains and improve the transparency and efficiency of financial transactions in the cryptocurrency arena.
Zoth’s main product, the Tokenised Liquid Note, has a capital pool of $100 million. This financial instrument invests in short-term, high-quality assets such as US Treasury Bills and top-tier corporate bonds, providing a safe investment opportunity. The liquidity of these notes is noteworthy, with trades available 24 hours a day, seven days a week through regulated brokers and custodians. Zoth promotes openness and trust by giving weekly Net Asset Value (NAV) updates and keeping live evidence of reserves on Chainlink. Furthermore, the solution is intended to be interoperable with many blockchain systems and is protected by certified smart contracts that ensure robustness and compliance.
Notable investors enthusiastically participated in Zoth’s strategic round. Taisu Ventures, for example, played an important role, with Managing Partner Takashi Hayashida voicing significant support for Zoth’s novel approach to income creation in the cryptocurrency space. The company’s strategic moves, such as creating the Tokenised Liquid Note, have sparked interest and investment, increasing stakeholder trust. Furthermore, the recent $2.5 million investment launched by Blockchain Founders Fund in April 2024 validated Zoth’s concept. Aly Madhavji emphasised the company’s ability to combine traditional financing methods with decentralised technology efficiently.
Atlas, Zoth’s unique idea, is a game-changing endeavour in decentralised finance (DeFi). This unauthorised yield product is intended to be a comprehensive solution for yield generating across several asset types. Atlas is now in the testnet phase and wants to educate and empower DeFi users by combining real-world assets with cryptocurrency tactics, increasing their investment potential and accessibility.
Atlas is designed to provide a user-friendly interface that facilitates yield farming for new and seasoned DeFi members. Introducing real-world assets into the DeFi ecosystem bridges the gap between traditional finance and cryptocurrencies, encouraging greater acceptance and understanding of DeFi’s potential.
The solution includes a gamified Real World Asset (RWA) index housed on Berachain and the Base Network. This novel method makes DeFi more interesting and broadens the scope of Zoth’s services, showcasing the company’s dedication to improving the usability and accessibility of DeFi solutions. With over 1 million wallets currently using Atlas, the product is creating a precedent for the possible scalability and widespread acceptance of DeFi solutions.
Zoth’s Atlas is ready to transform how investors interact with DeFi by providing a solid platform for secure investments and ongoing education in the fast-developing digital asset landscape. As Atlas progresses from the testnet to a fully functioning network, it promises to improve how DeFi is perceived and used internationally.
Zoth’s debut of the Tokenised Liquid Note marks a big step forward in integrating Web3 technologies with traditional banking institutions. This concept smartly combines decentralised finance (DeFi) with traditional investment vehicles by tokenising assets like US Treasury Bills and high-quality corporate bonds. Such innovations improve the liquidity and worldwide accessibility of these assets while embracing Web3’s basic concepts of decentralisation and user empowerment.
Tokenising real-world assets makes the financial system more transparent, safe, and efficient. Zoth’s use of blockchain technology to provide real-time proof of reserves and 24/7 trading capabilities via smart contracts sets new standards in the financial sector. These technical breakthroughs encourage the use of blockchain in traditional financial markets, resulting in a more integrated and robust financial ecosystem.
Zoth’s initiatives also demonstrate the possibility for blockchain to establish a seamless synergy between the dependability of traditional banking and the creativity of DeFi. The company’s strategy might serve as a model for future financial products that combine the security and stability of traditional financial instruments with the flexibility and transparency of decentralised platforms. As Web3 matures, Zoth’s pioneering solutions are positioned to generate substantial breakthroughs in the economic environment, increasing the appeal and usefulness of DeFi and widening its acceptability across several financial domains.