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The Gluwa Invest Bond Account has received $500,000 from the decentralized financial platform Gluwa. The monies will support real-world enterprises and infrastructure in underserved areas with limited access to capital. Gluwa’s endeavor is commendable when many countries lack adequate banking infrastructure.
The massive sun was raised in less than 24 hours, with just 23 investors. These investors will receive a 12 percent annualized yield for a three-month lockup.
Brendan O’Toole, Gluwa’s Head of Product, remarked that their Bond Account program continues to grow, quickly consuming all available allocations.
Brendan O’Toole said:
The market has a lot of appetite for stable yield opportunities. The great thing about Gluwa is that it’s based on real-world enterprises and doesn’t care about the ups and downs of the crypto market.
The fintech company wants to link crypto liquidity to real-world possibilities (OpenFi). sUSDC-G, a Gluwa-native wrapper around the USDC stablecoin, was used to collect the $500,000. This will go toward JenFi’s third loan tranche, which focuses on digital-native firms and startups in Southeast Asia.
Since its introduction, the platform has collected over $1.8 million in funding and has a 0% default rate. For every $100 invested in this round, investors will earn 5 CTC tokens in addition to the base payout.
Gluwa is a financial platform situated in San Francisco founded in 2014. Non-custodial bitcoin wallets, exchanges, and investment solutions are available from the company. It has over 2 million members and is a platform with a worldwide presence in the United States, Canada, and South Korea.
The international financial organization utilizes cryptocurrency to raise funding, but it is otherwise entirely focused on real-world economic prospects. As a result, Gluwa Invest is thought to provide a more steady income over time than other DeFi protocols and a set yield in the short term.
