Peter Thiel-backed Founders Fund leads a $5 million token buy in crypto collateral protocol Anvil
Summary
Founders Fund led a $5 million purchase of Anvil governance tokens, joined by Pantera Capital, Theta Blockchain Ventures, Bullish and Protoscale Capital. The tokens came from Anvil’s treasury; transaction valuation was not disclosed. Anvil, an Ethereum-based protocol, uses digital assets to guarantee commitments such as payments and credit, rather than primarily to secure interest-bearing loans. Its research arm launched an SDK to help businesses integrate the technology without writing blockchain code. Named partners include Consensus, Bitcoin.com and Flexa. Anvil has about $14 million in total value locked, far below major DeFi lenders. ANVL holders can vote on protocol development.
