Zivoe, a real-world asset (RWA) credit protocol, will launch its mainnet on July 31 as the protocol aims to democratize access to credit.

The announcement comes alongside Zivoe’s successful raise of $8.35 million from investors and coincides with the platform’s Initial Tranche Offering (ITO), a liquidity bootstrapping mechanism aimed at attracting initial Total Value Locked (TVL).

Zivoe will use the funds and the upcoming mainnet launch to bring its credit features to more people within the decentralized finance (DeFi) space. This goal will be achievable through connecting on-chain liquidity to borrowers in the RWA market, the protocol said.

Commenting on the mainnet launch and the funding round, Zivoe founder and general counsel Kristal Gruevski said the protocol’s solution will …