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      Founders Fund Leads $5 Million Purchase of Anvil Governance Tokens

      PANews reported on October 7, citing CoinDesk, that Founders Fund, backed by billionaire Peter Thiel, led a $5 million purchase of ANVL, the governance token of the DeFi collateral protocol Anvil, with participation from Pantera Capital, Theta Blockchain Ventures, Bullish and Protoscale Capital. The specific terms and valuation of the deal have not been disclosed. Anvil said the tokens purchased came from the project's existing treasury and were not newly issued.

      Anvil is built on Ethereum and aims to use digital assets as collateral for financial commitments such as payments and credit. Its development company, Anvil Research Labs, has simultaneously launched an SDK to help enterprises and financial institutions integrate the protocol without writing blockchain code. Bullish, Consensus, Bitcoin.com, Flexa and others have already become partners.

      The ANVL tokens purchased this time carry voting rights in protocol governance. The protocol currently has a TVL of about $14 million, a total token supply of 100 billion, and a circulating supply of 80 billion.


      Source: PANews
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