Pencil Finance completed a one million dollar student loan cycle entirely recorded on the blockchain. The bundle supported loans for more than 6,600 students at 118 institutions in Southeast Asia, including Indonesia and the Philippines. Animoca Brands, Open Campus, and NewCampus funded the operation in July 2025. ErudiFi issued the loans while Pencil Finance, a decentralized lending protocol, packaged them as an on-chain private credit investment. The entire cycle, from capital raising to repayment recording, was transparently traceable on the blockchain via EDU Chain.
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