Animoca Brands and Open Campus inject $10M into Pencil Finance to back DeFi student loans

Animoca Brands, a blockchain game developer and investor, announced on X that Pencil Finance, a student loan real-world asset (RWA) protocol built on EDU Chain, has secured $10 million in liquidity from Animoca Brands and Web3 education protocol Open Campus. The funds will serve as collateral to enable decentralized student loans through the Pencil Finance platform.