DeFi Protocol AlloyX Closes $2 Million Pre-Seed Round with Circle Ventures Involved

DeFi Protocol AlloyX closed a $2 million Pre-Seed round led by Hack VC with participation from Circle Ventures, Digital Currency Group, Lecca Ventures, MH Ventures, Archblock, dao5, Credix Finance, and others.

AlloyX has partnered with the decentralized credit marketplace Credix Finance to create a real-world asset vault. AlloyX's vault combines overcollateralized tokenized credit from Credix Finance with a smart contract for tokenized U.S. Treasury bills.

The vault aims to open up access to real-world asset liquidity for protocols, DAOs and institutional investors in the DeFi space, offering diversification beyond existing crypto-based lending and liquidity provision opportunities. Users can create customized strategies that blend tokenized U.S. Treasury bills with a range of real-world assets to balance their yield and risk appetite in the first DeFi vault of its kind, AlloyX claimed.

AlloyX's first real-world assets vault is set to go live in early Q3, with plans to integrate with additional DeFi protocols and launch more investment vaults later this year.