Pencil Financ2026-09-06 13:03:43Pencil Finance says it completed a $1 million student-loan cycle fully on-chainPencil Finance, a decentralized lending protocol incubated by Animoca Brands, says it has completed a $1 million student-loan cycle entirely on-chain, covering capital formation, repayment tracking, and the return of principal and yield to backers. The loans were issued by education-financing company ErudiFi and packaged as an on-chain private-credit investment. The protocol said the funding bundle was backed in July 2025 by Animoca Brands, Open Campus, and NewCampus. According to the companies, the bundle ran on EDU Chain, an education-focused Ethereum-based network built with Arbitrum Orbit, and most of the capital was deployed into student loans and tuition financing in Southeast Asia, including Indonesia and the Philippines. Over a 12-month period, ErudiFi said the capital supported more than 6,600 students across 118 institutions, with about 1,050 students receiving funding directly attributable to Pencil Finance. The structure split investors into senior and junior tranches, with the senior side getting fixed returns and repayment priority, while the junior side took variable returns and first-loss risk. Pencil Finance also said the transaction represents the first fully on-chain student-lending cycle, although that claim could not be independently verified.650
Pencil Financ2026-09-03 11:11:03Pencil Finance Closes First Fully On-Chain Student Loan Cycle, $1M RepaidPencil Finance, a student-loan protocol built around tokenized real-world assets, has completed what it describes as the first fully on-chain student lending cycle. The protocol deployed $1 million as a lender, and borrowers have repaid the pool’s backers principal plus interest. The loan package was funded in July 2025 by Animoca Brands, Open Campus and New Campus, with a structure split into fixed-income senior tranches and junior tranches that earn floating returns and take first-priority losses. Altogether, the $1 million facility financed about 6,600 students at 118 schools and universities in Southeast Asia; roughly 1,050 of them received direct support. Pencil Finance said the loans target students underserved by traditional finance. Among its student borrowers, 50% were women and 93% came from low-income households. The protocol called the milestone the first completely on-chain lending cycle to put student-loan financing transparently on a blockchain. Elsewhere, tokenized RWAs are increasingly used to issue loans or serve as collateral. In July 2026, Brazil’s B3 exchange originated a 100,000 Brazilian reais (about $19,600) loan backed by 10 tokenized cows, each linked to a unique digital token tied to a crypto digital identity.1280
