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. Pantera Capital, Theta Blockchain Ventures, Bullish, and Protoscale Capital also joined the deal. Anvil said the tokens were sold from the project treasury rather than newly issued, while 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, instead of operating like a standard DeFi lending protocol where users borrow funds and pay interest. At the same time, Anvil Research Labs launched an SDK aimed at helping enterprises and financial institutions integrate the protocol without writing blockchain code. Consensus, Bitcoin.com, and payments company Flexa were listed as partners. ANVL currently has a total supply of 100 billion tokens, about 80 billion in circulation, and the Anvil network has roughly $14 million in total value locked.
Founders Fund, the venture firm backed by billionaire Peter Thiel, has led a $5 million purchase of ANVL, the governance token of DeFi collateral protocol Anvil, according to BlockBeats. Pantera Capital, Theta Blockchain Ventures, Bullish, and Protoscale Capital also participated.
The specific terms of the transaction and the valuation were not disclosed. Anvil said the tokens sold in the deal came from the project’s existing treasury and were not newly issued.
Anvil outlines protocol focus and SDK launch
Anvil is built on Ethereum and is designed to use digital assets as collateral for financial commitments such as payments and credit. The project said its model differs from traditional DeFi lending protocols, which typically allow users to borrow funds and pay interest. Anvil instead focuses on backing financial commitments with on-chain collateralized assets.
At the same time, Anvil Research Labs, the company developing the protocol, launched an SDK intended to help enterprises and financial institutions integrate Anvil without writing blockchain code. Consensus, Bitcoin.com, and payments company Flexa were listed as partners.
Token supply and network data
ANVL currently has a total supply of 100 billion tokens, with about 80 billion in circulation. The Anvil network has roughly $14 million in total value locked.
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