Stablecoin lending protocol Num Finance has completed a $1.5 million seed round financing, with participation from Ripio Venture and others

ChainCatcher news, stablecoin lending protocol Num Finance has completed a $1.5 million seed round financing, with participation from stablecoin developer Reserve, H2O Scouter Fund, Ripio Venture, VC3 DAO, and Auth0 CTO Matias Woloski.

Num Finance stated that it will expand its stablecoin products within the next month, including the Brazilian real, Colombian peso, Mexican peso, and Bahraini dinar, and will also develop its real-world asset (RWA) products.

Num Finance primarily offers collateralized loan services for local currency stablecoins to enterprises, currently issuing Argentine pesos and Peruvian soles stablecoins. (source link)