Helix, a startup incubated by Singapore-based private credit business Helicap, raised $2 million in pre-seed funding for its real-world assets protocol.

Saison Capital and Superscrypt led the round, with participation from Emurgo Ventures, Comma3 Ventures, Outlier Ventures, Emoote and others. No valuation was disclosed.

The project aims to enable blockchain-based lending to businesses across Southeast Asia, according to an announcement today. Its platform pairs proprietary credit assessment tools with a pipeline of credit opportunities spanning a range of sectors.

“There is a demand to get sustainable yields within the crypto ecosystem,” Jitendra Singh Jaitawat, co-founder and CEO of Helix and a former executive director at Goldman Sachs Technology, told The Block in an interview. “The …