Peter Thiel-backed Founders Fund leads a $5 million token buy in crypto collateral protocol Anvil
Source: CoinDesk ·
From the source
Pantera Capital and Bullish also participated in the ANVL purchase as Anvil rolls out software designed to make its collateral protocol easier for businesses to integrate. Founders Fund has led a $5 million purchase of governance tokens in Anvil, a decentralized finance protocol focused on digital-asset collateral, as the project rolls out new tools aimed at bringing its technology to businesses and financial institutions. 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…