Pencil Finance Completes $1M On-Chain Student Loan Cycle for 6,600 Students

Pencil Finance has successfully concluded its first fully on-chain student loan cycle, deploying $1 million to provide financing for 6,600 students across 118 institutions in Southeast Asia. The project, which targeted individuals underserved by traditional financial institutions, saw borrowers repay both principal and interest. The loan structure included fixed-income senior tranches and floating-income junior tranches, with funding provided by Animoca Brands, Open Campus, and New Campus. This initiative highlights the growing use of tokenized real-world a