The July 28 funding drew backing from MH Ventures, OKX Ventures and Animoca Brands as the platform uses sales receivables, operating data and stablecoin settlement to speed merchant disbursements.
Dow Protocol said on July 28 that it completed a $9 million seed round backed by MH Ventures, OKX Ventures, Animoca Brands, Arcane Group, Essentia Partners, and Quartet Group. The company describes itself as an e-commerce operating capital advance RWA (real-world asset) platform that finances merchants on major global e-commerce marketplaces using sales receivables and operating data. It said stablecoin settlement is designed to enable same-day disbursement, highlighting how tokenized real-world finance is being applied to working-capital funding for online sellers.