Pruv Finance Raises $3 Million in Pre-A Round Led by UOB Venture Management

According to Pruv Finance’s official announcement, the funds will accelerate development of its RWA tokenization and on-chain distribution platform with backing from multiple venture investors.

98d ago

Summary

Pruv Finance officially announced it has raised $3 million in a Pre-A funding round led by UOB Venture Management, joined by Saison Capital, Taisu Ventures, Ascent, Spiral Ventures, and Royal Group. The raised capital will be used to build a digital financial platform specializing in real-world asset (RWA) tokenization and enabling on-chain distribution. The company is the first digital finance platform approved under the OJK regulatory sandbox, targeting compliance, liquidity management, and cross-chain transfer solutions.

Terms & Concepts

OJK (Indonesia’s financial regulator): The Financial Services Authority of Indonesia, responsible for regulating and supervising the country’s financial services sector.
RWA (real-world assets): Physical or traditional assets like real estate or commodities that are tokenized and represented on a blockchain.
Cross-chain transfers: The movement of digital assets between different blockchain networks, enabling interoperability.