According to Open Campus, the $5 million funding led by Animoca Brands, Sequoia, and others will stabilize EDU tokens, fund on-chain student loans, and expand its blockchain education ecosystem.
Open Campus officially announced it has raised $5 million in strategic funding from Animoca Brands, YZi Labs, Sequoia, Shima Capital, Polygon, Caladan, Kingsway Capital, and GameFi Ventures. According to the company’s statement, the capital will be used to acquire EDU tokens on the open market to support price stability, fund on-chain student loans through Pencil Finance, and accelerate the deployment of Open Campus ID, OC wallet, and the EDU mainnet. This marks a significant milestone in advancing blockchain-driven education finance and digital identity solutions.