In brief
- Pencil Finance says a $1 million student-loan bundle completed its funding and repayment cycle on-chain.
- The financing contributed to loans supporting more than 6,600 students at 118 schools and universities.
- The company did not disclose interest rates, investor yields, defaults, or blockchain transaction records.
The Animoca Brands-incubated Pencil Finance says it has completed a $1 million student-loan cycle on-chain, from raising investor capital to recording repayments and returning the funds with yield.
Education-financing company ErudiFi issued the loans, and Pencil Finance, a decentralized lending protocol, packaged them as an on-chain private-credit investment, allowing funders to supply capital and monitor repayments…
