Peter Thiel-backed Founders Fund leads a $5 million token buy in crypto collateral protocol Anvil
Founders Fund has led a $5 million investment in the Anvil protocol, a decentralized finance platform that uses digital assets as collateral. The protocol also released a new software development kit to help businesses integrate blockchain-based financial tools without needing specialized coding skills.
Why it matters
This investment highlights growing institutional interest in bridging decentralized finance with enterprise-grade financial tools and payment systems.
Pantera Capital, Theta Blockchain Ventures, Bullish and Protoscale Capital also participated in the purchase of ANVL tokens, according to a Monday announcement. The terms and valuation of the transaction were not disclosed. Anvil told CoinDesk the tokens came from its existing treasury rather than being newly issued.
The protocol's governance token has a circulating supply of 80 billion tokens out of a total supply of 100 billion.
Anvil, built on Ethereum, is designed to allow digital assets to be used as collateral for financial commitments, including payments and credit. Anvil Research Labs, a research and development company building enterprise tools for the protocol, also launched a software development kit (SDK) that it said will allow companies to integrate Anvil without having to write blockchain code.
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