Founders Fund led a token purchase in Anvil, a decentralized finance protocol that secures business

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Founders Fund led a token purchase in Anvil, a decentralized finance protocol that secures business payments and credit with digital asset collateral, according to an announcement. The funding round gives investors ANVL tokens that grant governance rights over the protocol’s ongoing development.

Founders Fund backs digital asset collateral tool

Anvil provides verifiable digital asset collateral to ensure businesses can trust that commitments behind payments and credit will be honored. Businesses need to know the commitments behind payments and credit will be honored, Joey Krug, a partner at Founders Fund, said in the announcement cited by CoinDesk. Krug added that the new software development kit makes the tooling easier to integrate into existing commercial products.

The protocol was developed by the Acronym Foundation as a bootstrapped, fully open-source project. Anvil currently holds about $14 million in total value locked on its network. That figure remains small compared with established lending platforms in the decentralized finance sector, where protocols like Aave and Morpho collectively hold about $56 billion in assets, according to DefiLlama data cited in the reporting.

Anvil partners with crypto companies to integrate tooling

Anvil named Consensus, Bitcoin.com, and payments company Flexa as partners already using or integrating its tooling. Bullish, the parent company of CoinDesk, is also working with Anvil to explore how the protocol could function within its operational framework. While conventional decentralized finance lenders typically permit users to deposit crypto assets as collateral to borrow funds—carrying risks of interest payments and liquidation if collateral values drop—Anvil applies crypto collateral to distinct commercial payment and credit commitments.

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