Yat Siu, chairman of Animoca Brands, believes that bringing student loans onchain could boost the total value locked (TVL) in decentralized finance (DeFi) by over four times. Siu sees the $3 trillion global student loan market as a ripe opportunity for the crypto industry, suggesting that moving just 10% of it onchain could significantly enhance DeFi's expansion. He emphasized the potential of Web3-based financial tools in the education sector to drive widespread crypto adoption, particularly among young and unbanked individuals. Siu also discussed Animoca Brands' investment in Pencil Finance, a startup offering crypto-native student loans, and highlighted the project's plans for expansion. By integrating financial infrastructure into educational experiences, Siu envisions Web3 transforming learning communities into capital assets, laying the groundwork for a decentralized financial ecosystem. Read more AI-generated news on: https://app.chaingpt.org/news