Pencil Finance completes $1M onchain lending cycle for 6.6K students in Southeast Asia
Scholar mortgage real-world asset (RWA) protocol Pencil Finance accomplished a $1 million onchain scholar mortgage cycle, providing financing to hundreds of scholars in Southeast Asia who had been underserved by conventional lenders.
Pencil mentioned it accomplished its first totally onchain scholar mortgage cycle on the blockchain, the place the platform deployed $1 million in capital as a lender that was repaid by debtors to the bundle’s funders with yield, the corporate revealed in a Thursday announcement shared with Cointelegraph.
The bundle was funded in July 2025 by Animoca Manufacturers, Open Campus and New Campus, structured as a senior tranche with mounted returns and a junior tranche with variable returns and first-loss threat.
The $1 million onchain mortgage cycle provided financing to about 6,600 college students throughout 118 faculties and universities in Southeast Asia. Pencil Finance claims that is the first-ever totally onchain lending cycle financing scholar loans transparently recorded on the blockchain community.
Of the 6,600 college students, about 1,050 obtained direct funding. Pencil mentioned the loans had been designed for college students underserved by conventional lenders, with 50% feminine debtors and 93% stemming from lower-income households.
Tokenized RWAs are more and more getting used to problem or collateralize loans.
In July, Brazil’s B3 inventory change issued a 100,000 Brazilian reais ($19,600) mortgage secured by 10 tokenized cows as collateral, the place every cow obtained a singular digital token linked to an encrypted digital id, whereas AI-powered good collars from agriculture tech firm Cowmed monitored every animal’s well being.
