Founders Fund, backed by billionaire Peter Thiel, led a $5 million purchase of ANVL, the governance token of DeFi collateral protocol Anvil, according to CoinDesk. Pantera Capital, Theta Blockchain Ventures, Bullish, and Protoscale Capital also joined the deal. Anvil said the tokens sold in the transaction came from the project treasury rather than a new issuance, while the deal terms and valuation were not disclosed. Built on Ethereum, Anvil is designed to use digital assets as collateral for financial commitments such as payments and credit. Its development arm, Anvil Research Labs, also rolled out an SDK aimed at helping enterprises and financial institutions integrate the protocol without writing blockchain code. Bullish, Consensus, Bitcoin.com, and Flexa are listed as partners. The purchased ANVL tokens carry governance voting rights. The protocol currently has about $14 million in total value locked, with a total token supply of 100 billion and a circulating supply of 80 billion. Following the news, CoinGecko data showed ANVL rising 97.2% over 24 hours, pushing its market capitalization above $110 million.
Founders Fund, the venture firm backed by billionaire Peter Thiel, led a $5 million purchase of ANVL, the governance token of DeFi collateral protocol Anvil, according to CoinDesk. Pantera Capital, Theta Blockchain Ventures, Bullish, and Protoscale Capital also took part in the transaction.
The deal terms and valuation were not disclosed. Anvil said the tokens sold in the purchase came from the project treasury and were not newly issued.
Anvil rolls out SDK alongside the token purchase
Anvil is built on Ethereum and is designed to use digital assets as collateral for financial commitments including payments and credit. Its development company, Anvil Research Labs, also launched an SDK to help enterprises and financial institutions integrate the protocol without writing blockchain code.
Bullish, Consensus, Bitcoin.com, and Flexa are among its partners.
ANVL includes governance voting rights
The ANVL tokens purchased in the deal carry protocol governance voting rights. The protocol currently has about $14 million in total value locked. Its total token supply stands at 100 billion, with 80 billion in circulation.
After the news, CoinGecko data showed ANVL up 97.2% over the past 24 hours, giving the token a market capitalization of more than $110 million.
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