On April 30th, EduFi RWA protocol Pencil Finance announced that it has successfully completed a $10 million liquidity pool financing supported by Animoca Brands and Open Campus, aimed at supporting the first batch of on-chain education loans and debt financing for education companies by Pencil Finance.

The funds have been deployed in the liquidity pool of Pencil Finance on the Open Campus EDU Chain. Pencil Finance will collaborate with traditional education loan companies to bring Southeast Asian and American education loans onto the chain, opening up a new asset class for on-chain investors. At the same time, Pencil Finance helps education loans reduce interest rates by providing on-chain interest opportunities for traditional education loan companies.