On August 22, Hong Kong's financial holding company Golden Continent Group officially announced its lead investment in the seed round of the Azoth project, with a total investment of $2 million. Azoth is currently valued at approximately $20 million. Azoth promises to use the entire amount raised in this financing for liquidity support of RWA products and the construction of the DeFi ecosystem.
Real World Assets (Azoth is a Web 3 project focused on financial innovation, dedicated to building a decentralized financial ecosystem with Real World Assets, abbreviated as RWA, as the underlying asset). Azoth focuses on promoting the integration of traditional financial assets with blockchain technology, aiming to address pain points such as insufficient liquidity and high transaction friction costs in traditional financial assets by building a strong 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 create RWAFi services.
The Azoth team believes that most RWA projects currently only remain at the initial stage of putting real-world assets on-chain, neglecting the core advantages of DeFi in the Web 3 financial ecosystem. Therefore, Azoth focuses strategically on the construction of the "RWA + DeFi" ecosystem to promote higher liquidity and more value creation for RWA on-chain.
With the team's strong ability to integrate liquidity from Web 2 and Web 3, Azoth can bridge the flow of funds between on-chain and off-chain, connecting traditional finance with the decentralized financial ecosystem. On both the asset and user sides, Azoth is committed to creating diverse 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 Web 3 community, so the projects it lists will also be pushed into Ethereum's mature DeFi environment, such as Morpho, Curve, Pendle, etc., allowing 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, working with users to create a library of RWA projects suitable for the Web 3 ecosystem, allowing more Web 3 users to actively choose and invest in their desired assets.
Currently, the Azoth platform has listed the first RWA token product compliant with regulations in Hong Kong, GNIT(). 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 will soon launch corresponding incentive programs and DeFi support to encourage Web 3 users to participate in the construction of RWAFi. Global Nexus Income Tokenised LPF
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: Real World Assets seamlessly introduces Azoth Finance, an open and fully decentralized RWA ecosystem that brings the Web 3 financial world. It significantly reduces KYC and investment thresholds, offers 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 put on-chain but can also truly "come alive" in the blockchain ecosystem.
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