FU Capital Officially Opens Private Sale And Raises $1.12 Million
FU Capital is a pioneering platform that focuses on bridging the gap between traditional finance and decentralized finance (DeFi) through the tokenization of RWAs (Real World Assets). The platform is delighted to announce its recent fundraising achievements and share details about forthcoming developments.
In the most recent milestone, the Founders Sale and Seed Sale have both successfully concluded, with the Private Sale now open. The TGE (Token Generation Event) is scheduled for Q3, 2024. FU Capital’s ‘Beta’ platform is also live and undergoing comprehensive internal testing. The public launch is anticipated in several weeks, offering users access to an array of innovative services designed to alter the way asset backed consumer and business loans are approached.
Strong Investor Confidence
FU Capital has successfully raised $1.12 million through its Founders and Seed Sale rounds, highlighting strong investor confidence in the platform’s vision. This significant financial backing supports the platform’s efforts to revolutionize the intersection of conventional and decentralized finance.
As a next step, the platform is now inviting investors to participate in its Private Sale with a target raise of an additional $700,000. The tokens are priced at $0.035 each, placing FU Capital’s valuation at $14 million. This represents an enticing entry opportunity for early stage investors looking to engage with the project. In addition, FU Capital aims to stand out from the competition through its unique approach of merging P2P (Peer To Peer) lending with traditional finance and DeFi.
“Investing in FU Capital has been a significant addition to my portfolio. I believe FU Capital is on track to become the next blue-chip crypto project, fundamentally transforming the RWA space. Their commitment to transparency, robust corporate culture, and financial expertise sets them apart. I am confident this investment will yield substantial returns and significantly bolster my Web3 investment portfolio.” – Kirill Klinberg, VP at Bank of America, Seed Investor at FU Capital.
What Does FU Capital Provide?
By focusing on underserved markets, the platform creates valuable liquidity and growth opportunities for asset originators. It also democratizes investment by giving retail investors access to previously inaccessible credit markets, thereby making these investment opportunities more inclusive and rewarding.
As FU Capital continues to reshape the global financial sector, it remains at the cutting edge of tokenizing and fractionalizing RWAs for retail investors. Its worldwide P2P platform therefore not only tokenizes asset backed loans, but also connects asset managers with more affordable capital sources, particularly in emerging markets by enhancing liquidity through a secondary marketplace.
In the broader context, the TVL (Total Value Locked) in decentralized finance protocols for RWAs surpassed $6 billion in 2023. With expectations that tokenized RWAs will reach $15 trillion by 2030, FU Capital’s focus on emerging markets and its ability to offer previously untapped investment opportunities further distinguish it in a competitive landscape.
“FU Capital is transforming finance by combining DeFi with real-world assets, offering unique investment opportunities through our innovative business model. With our proven financial expertise and a team of dedicated professionals, we ensure that our focus on innovation and security not only meets but surpasses the expectations of both our stakeholders and community. Our vision is to become the leader in debt-capital market tokenization, setting new standards for the industry.” – Beka Tchulukhadze, CEO at FU Capital
Past Accomplishments And Future Goals
FU Capital’s team has a track record that speaks volumes – over 50 third party asset originators from regions including MENA, LatAm, and Southeast Asia are lined up to join, alongside 20,000 retail investors already onboarded. Furthermore, investment opportunities from 10 of the platform’s affiliated international fintech companies will be listed as well. Over 20,000 retail investors on FU Capital’s Web2 platform have already deposited a cumulative $90 million USD in fiat and $7 million USD in crypto. Of these deposits, $45 million USD are now invested as part of the platform’s AUM (Assets Under Management).
AvaFin, founded in 2011 by Davis and Matiss, aimed to provide online loans in Latvia. By 2017, it reported nearly €100M in revenue and had 500 employees across 7 countries. In 2022, AvaFin achieved close to €9M in net profit, before outdoing itself with €14M in 2023.
Esketit.com, established in 2021 by the same founders, provides financing in developing regions. By the end of 2022, the platform opened to third-party Asset Managers, with investors depositing €57M in fiat and €7M in crypto for investment in real-world assets (RWA).
In terms of FU Capital’s target metrics, the goal is to onboard 30,000 investors, and see the FDV (Fully Diluted Value) of $FUT rise to $28 million USD. The $28 million target will also be at public sale price, and the goal will be to at least increase the token’s value several times in the first year. Lastly, the average investment amount that the platform expects to reach is $500.
About FU Capital
FU Capital connects DeFi investors with real-world asset investment possibilities on-chain. By recording loan terms, interest, and principal repayment on blockchain protocols and smart contracts, the platform enables trustless, transparent investment options that are supported by the asset owners’ balance sheets.
FU Capital aims to be at the forefront of tokenizing and fractionalizing RWAs for retail investors. It is a global P2P platform that facilitates the tokenization of asset-backed loans and connects asset managers with more affordable capital sources. With a commitment to rigorous security and regulatory compliance, FU Capital also aims to ensure investor protection and confidence at all times.
Davis Barons and Matiss Ansviesulis, co-founders of the highly successful AvaFin Holding, formerly known as Creamfinance, founded FU Capital as a cryptocurrency alternative to their pre-existing successful company, Esketit. Led by industry veterans such as Beka Tchulukhadze, Davis Barons, Matiss Ansviesulis, and Edgars Zarins, and supported by a robust advisory board, FU Capital boasts a capable team with extensive experience in Web3, fintech, and traditional finance. The advisory board also includes experts of blockchain development, marketing & community building and partnerships. With one of the leading Web3 Marketing Agencies on the market, the FU Capital team is planning to start active community-building in the coming weeks. For more information and regular updates, visit FU Capital’s official website, alongside its X, Telegram, and LinkedIn channels. Download the pitch deck here. Interested parties can also book a meeting to learn more.
Disclaimer
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
