Founders Fund buys $5 million of Anvil’s ANVL token

Verifying
  • Founders Fund led a $5 million purchase of Anvil’s ANVL governance tokens.
  • Anvil sold the tokens from its existing treasury rather than issuing new tokens.
  • Anvil has about $14 million in total value locked on its network.

Peter Thiel-backed Founders Fund led a $5 million purchase of ANVL governance tokens in Anvil, an Ethereum-based decentralized finance protocol that lets digital assets secure payment and credit commitments. Pantera Capital, Theta Blockchain Ventures, Bullish and Protoscale Capital also participated. The tokens were sold from Anvil’s existing treasury rather than newly issued, and the transaction terms and valuation were not disclosed. Anvil Research Labs also released a software development kit designed to let businesses integrate the protocol without writing blockchain code. Consensus, Bitcoin.com, Flexa and other companies are using or integrating Anvil’s tools, while Bullish is exploring operational applications. Anvil has about $14 million in total value locked, well below the roughly $56 billion held across DeFi lending protocols, where users generally borrow against deposited collateral.

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