• 34ºc, Sunny

RWA stablecoin agreement Commonal completes a new round of financing of $1.50 million, and Comfy Capital and others participate in the investment

The RWA stablecoin protocol Commonal announced the completion of a new round of financing of $1.50 million. Comfy Capital, early-stage crypto project investor echo, and Breed VC founder Jed Breed participated in the investment. The specific valuation data has not been disclosed yet. Commonal said that the project plans to launch a token generation activity TGE to support its construction of USD0 stablecoins backed by real-world assets. The agreement raised $7 million in a strategic round of financing in April this year. At that time, investors included IOSG Ventures, Kraken Ventures, etc. The total amount of financing reached $8.50 million so far.