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March 22, 2024
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Built on Root
BoF Secures Lead Investor to Bring On-Chain Real-World Assets to The Root Network
BoF is building the next generation of RWA infrastructure, enabling users to seamlessly access Real-World Assets with no minimum deposit.
BoF is building the next generation of RWA infrastructure, enabling users to seamlessly access Real-World Assets with no minimum deposit.
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Overview

Born Ready Ventures leads BoF's pre-seed round to support the rollout of BoF's RWA B2B Infrastructure and B2C Platform on The Root Network, which incorporates technology by Immersve.

BoF is building the next generation of RWA infrastructure, enabling both Retail and Institutional users to seamlessly access Real-World Assets with no minimum deposit. Users will be able to effortlessly transfer funds between various RWA Earn Accounts and a Spending Account linked to a BoF Mastercard powered by Immersve.

One moment users can be earning yield on their USDC through US Treasury Bonds that are backed 1:1 with the underlying asset; the next, they can seamlessly transfer that USDC to their Spending Account to spend anywhere Mastercard is accepted globally. The BoF Mastercard also supports Google and Apple Pay and will be rolled out in sync with Immersve's jurisdictional and technical launch program.

BoF's RWA Infrastructure is being developed not only to serve our B2C platform but also to be offered to B2B customers who wish to provide RWAs through their own platforms on any EVM compatible chain.

Stay tuned for more updates as they move towards launching on The Root Network in the coming months, including an exciting activation in partnership with Futureverse.

For more information about BoF please visit their website and sign up to receive important launch updates and news.

Source: BoF
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