On August 22, Hong Kong's financial holding company Golden Continent Group officially announced that it would lead the seed round investment in the Azoth project with a total investment of $2 million, and Azoth is currently valued at approximately $20 million. Azoth promises to use the entire amount of this financing for liquidity support of RWA products and the construction of the DeFi ecosystem.
Real World Assets (Azoth is a Web 3 project focusing on financial innovation, dedicated to Real World Assets, abbreviated as RWA) serve as the underlying assets to build a decentralized financial ecosystem. Azoth focuses on promoting the integration of traditional financial assets with blockchain technology, aiming to solve the pain points of insufficient liquidity and high transaction friction costs in traditional financial assets through building a robust community ecosystem and RWA trading platform.
The founding team of Azoth consists of pioneers from traditional finance and DeFi OG players, senior developers, architects, and other members from the Web 3 world, working together to build RWAFi services.
The Azoth team believes that most RWA projects are currently only at the initial stage of bringing real-world assets on-chain, while neglecting the core advantages of Web 3 financial ecology, DeFi. Therefore, Azoth focuses its strategic efforts on building an 'RWA + DeFi' ecosystem to drive higher liquidity and more value creation for RWA on the chain.
With the team's strong integration capabilities between Web 2 and Web 3 liquidity, Azoth can bridge the flow of funds on-chain and off-chain, connecting traditional finance with decentralized financial ecology. On both the asset side and the user side, Azoth is committed to creating diversified participation models, allowing RWA projects listed on the platform to be fully open to users of any capital size and from any region.
Azoth is positioned as an RWAFi platform based on the Ethereum ecosystem and the Web 3 community, thus the projects it lists will also be pushed towards Ethereum's mature DeFi environment, such as Morpho, Curve, Pendle, etc., enabling more Web 3 users to participate in RWA projects in a Web 3 native environment and expand the circulation and use cases of RWA tokens.
The Azoth team will also launch a community voting listing system to build a library of RWA projects suitable for the Web 3 ecosystem together with users, allowing more Web 3 users to actively choose and invest in assets they desire.
Currently, the Azoth platform has listed the first RWA token product that complies with regulatory standards in Hong Kong, GNIT (Global Nexus Income Tokenised LPF). It is reported that GNIT is an RWA token formed from a bond portfolio, dedicated to providing stable long-term returns through a macro-driven fixed income strategy. The Azoth team has already created a corresponding CURVE liquidity pool for it and is about to launch corresponding incentive programs and DeFi support to encourage Web 3 users to participate in the construction of RWAFi. About Golden Continent Group: Golden Continent Group is headquartered in Hong Kong and has two subsidiaries, Golden Continent Securities Limited (licensed by the Hong Kong Securities and Futures Commission with licenses 1 and 4) and Golden Continent Asset Management Limited (licensed by the Hong Kong Securities and Futures Commission with license 9), focusing on asset management, investment banking, and securities trading.
About Azoth: Seamless introduction of real-world assets to Azoth Finance is an open and fully decentralized RWA ecosystem that brings together the Web 3 financial world. It significantly reduces KYC and investment thresholds, provides diversified products and native Web 3 exit mechanisms, and releases liquidity through DeFi protocols. With professional auditing and structured support, real assets can not only be brought on-chain but can also truly 'come to life' in the blockchain ecosystem.
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