[Pencil Finance Completes $1 Million On-Chain Student Loan Cycle, Covering 6,600 Students in Southeast Asia] Odaily Planet Daily News: The Real-World Asset (RWA) protocol for student loans, Pencil Finance, has completed its first fully on-chain student loan cycle, deploying $1 million in capital to provide financing for approximately 6,600 students in Southeast Asia. After borrowers repay the funds, capital providers receive their principal along with returns. This financing portfolio, funded in July 2025 by Animoca Brands, Open Campus, and New Campus, is divided into senior tranches with fixed returns and junior tranches with floating returns that bear first-loss risk. The loans cover 118 schools and universities in Southeast Asia, with approximately 1,050 students receiving direct funding. Among the borrowers, 50% are women, and 93% come from low-income families. (Cointelegraph)