untangled

ChainCatcher news, according to CoinDesk, Untangled Finance and Moody's Ratings have completed a proof of concept that tests a system allowing decentralized access to Moody's financial data, transferring credit ratings on-chain.The proof of concept conducted on the Polygon Amoy testnet integrates Moody's ratings into Untangled Finance's risk oracle, Credio.The system uses zero-knowledge proof (ZKP) technology, allowing for the secure publication, updating, and revocation of credit ratings on-chain while protecting proprietary information.This development can make risk assessment more transparent and efficient, enabling DeFi protocols and other blockchain-based applications to integrate real-time credit data without relying on centralized intermediaries.

ChainCatcher news, the tokenized real-world asset (RWA) platform Untangled Finance, supported by Fasanara Capital, launched the first private credit pool on the Celo (CELO) network with French fintech lending institution Karmen on Thursday. The fund pool is structured under Luxembourg securitization regulations, with an initial debt ceiling of $6 million, allowing qualified investors to deposit USDC stablecoins.

ChainCatcher news, according to CoinDesk, the tokenized real-world asset (RWA) lending platform Untangled Finance has completed a $13.5 million funding round and launched on the Celo network. The main investor in this funding round is Fasanara Capital, an asset management company based in London, which has also opened two credit pools on the platform to handle off-chain business and underwrite loans. Untangled also announced plans to expand to Ethereum and Polygon through the Chainlink cross-chain interoperability protocol.It is reported that Untangled aims to bring traditional private credit markets onto the blockchain through tokenization, focusing on fintech (such as invoice financing and payroll advance-based consumer loans) as well as "green asset" loans. The platform provides infrastructure to host blockchain-based credit pools, where investors deposit funds to lend and earn returns. Depositors receive ERC-20 tokens representing their positions.