{"signature": "0x89e6a8d46b9a4eb1a315e29c4bafa362d268a5edfe8499ab138a085ca0d7da02427ac5d54ec6bb6a6788a1ffb047fe8bae76cd811ab1c07a9bff6f35f6af24a21b", "application": {"round": "0x523d76f39f6e6c7dd6a6707ed3b4490a386434a2", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "6lANOqXqxhlTSDYZV8ijOzCkGyr+SMAopjxcoPQnuhbxtdsu+qpC04YP80NKNqh4", "encryptedSymmetricKey": "594372aaeb015c0773e1ef4e94eaafddd135911956cd674c8dcea6cf2fb9082c732da7823ed3f0cf7a40da00bf436e11f55fc5d61c59fa263c8fdee7a8763262a01933d7c5e82c9068d930c931574c898c535740e255ad96c980bdb543706e89cfa91cbb9d36f8c7bebf203c79de89a3eaa565a0ac1c64d840b343e06b91429800000000000000204506ba67dc2e0e02ae99ef604977bdbe8d79a8e39cabd2a091825d7c1462e1c021de664c9043ee940968267a8b1382b7"}}, {"type": "multiple-choice", "answer": "Building - Deployment of RWAs", "hidden": false, "question": "Which of the following RWAIG funding categories does your project fall under? ", "questionId": 1}, {"type": "number", "answer": "50000", "hidden": false, "question": "Funding Request ($USD) ", "questionId": 2}, {"type": "paragraph", "answer": "With Zoth Secure Trade Finance (ZSTF) product, Zoth is looking to be a one-stop shop for  investments in secure fixed-income generating real-world assets from emerging markets while providing timely and low-cost global capital to SMBs from emerging markets\n\nThe global trade finance market has several problems for lenders/investors and borrowers. The main problems faced by lenders and investors are:\n1) The lack of financial payment rails.\n2) Transparency issues tracking and validating receivables and assets.\n3) High transaction costs and fees.\n\nBorrowers face a different set of problems:\n1) Loan approvals can take several months.\n2) Funds for invoice payments include several months of runway leading to accrual of account receivables.\n3) Cross-border trade finance is a complex process requiring significant document processing. \n\nThrough Zoth Tokenized liquid notes (ZTLN) product Zoth is bringing a Highly liquid RWA product with no lock-ins. generating 6% fixed yield from low-risk instruments like US Treasuries and High-rated corporate bonds.\n\nDuring Zoth\u2019s engagement with Institutional Investors with substantial stablecoin reserves, primarily these below challenges were observed in the space which ZTLN is positioned to solve:\n\n1) Defi Ecosystems do not have many stable fixed-income yield sources\n2) Most RWAs lack on-demand liquidity callbacks due to the nature of the underlying RWA\n3) Currently not many avenues for regulated and compliant stable fixed yield RWAs as a whole. \n", "hidden": false, "question": "What problem is your project solving in the RWA space?", "questionId": 3}, {"type": "paragraph", "answer": "Zoth is one of the few RWA protocols bringing a suite of solutions with a range of risk/ yield profiles like tokenized private credit yields from emerging markets, as well as more structured, regulated, and complaint fixed products like tokenized money-market yields\n\nAdditionally, we also believe that the following gives us an edge over others in the space:\n1) Strong On-ground understanding of Emerging Markets - Needs, Challenges & Risks from 4+ years of experience in founding a team in building and scaling lending businesses. We have experience in Market Research, Execution and have strong networks in the ecosystems \n2) Adoption  of regulated and compliant business structures ( SPV in Luxembourg, Invoice forfeiting License in UAE)\n3) Implementation of real-world risk management and compliance mechanisms\n\nThrough Zoth-FI, we offer a robust marketplace for institutional-grade fixed-income assets, enhancing liquidity and fixed yield stability on the Arbitrum Network. Zoth can bring value to Arbitrum in the following ways:\n1) Arbitrum ecosystem projects and its users get access to institutional grade fixed income on stables through Zoth\n2) Zoth\u2019s regulated and compliant partner network comprising of EDB, Apex, GCEX, Interactive brokers, etc. allows Zoth to bring regulated and compliant money market yields onto Arbitrum\n3) With Arbitrum positioned as one of the leading chains bringing RWA protocol to the masses, the Inclusion of Zoth will bring an angle of diversification from our range of RWA products\n", "hidden": false, "question": "Explain how your project is different from others and will bring value to the RWA ecosystem on Arbitrum. ", "questionId": 4}, {"type": "paragraph", "answer": "ZSTF (Zoth Secure Trade Finance) has been live since 8 Months \n\nZTLN (Zoth Tokenized Liquid Notes) will launch in July 2024\n", "hidden": true, "question": "[Answer this if you have chosen Building - Deployment of RWAs, otherwise type N/A] What stage of development is your project currently in?", "questionId": 5}, {"type": "paragraph", "answer": "NA", "hidden": true, "question": "[Answer this if you have chosen Building - Strengthening Analytics, otherwise type N/A] How many Arbitrum users or projects (rough estimate) would benefit from the analytics you are providing?", "questionId": 6}, {"type": "paragraph", "answer": "NA", "hidden": true, "question": "[Answer this if you have chosen Building - RWA Token Standards, otherwise type N/A] How will the standard make it smoother to deploy RWAs onto Arbitrum?", "questionId": 7}, {"type": "paragraph", "answer": "NA", "hidden": true, "question": "[Answer this if you have chosen Research, otherwise type N/A] Describe how your research will lead to reduced costs for projects aiming to deploy RWAs on Arbitrum.", "questionId": 8}, {"type": "paragraph", "answer": "NA", "hidden": true, "question": "[Answer this if you have chosen Awareness, otherwise type N/A] Describe your awareness content piece and outline its structure in detail.", "questionId": 9}, {"type": "short-answer", "answer": "Institutional and Accredited investors with stablecoin reserves looking for stable fixed yields.  On-chain hedge funds,  DAO treasuries and  funded web3 startups would be our primary target audience  ", "hidden": true, "question": "What is the target audience for this project? ", "questionId": 10}, {"type": "paragraph", "answer": "Pritam Dutta, Co-founder & CEO\nPreviously worked as Managing Director, Fintech Ventures & Innovation at AB InBev, Built a $300M AUM SMB Fintech business across emerging markets\nGeneral partner at Eagle10 Ventures\nRan an Investment syndicate with 2500+ HNIs with $30M AUM\nLaunched Budweiser's NFT collection with Gary Vee - $50M revenue\n\n\nLinkedin: https://www.linkedin.com/in/pritamdutta/\n\n\nKoushik Bhargav, Co-founder & CTO\nPreviously worked as Innovation Lead - Fintech and Web3 at AB InBev\nLaunched Budweiser's NFT collection with Gary Vee - $50M revenue\nETH scholar\n15+ international hackathon titles\nCrypto researcher\nUC Berkeley Alumni\n\n\nLinkedin: https://www.linkedin.com/in/bhargav-muthe/\n\n\nPhilip Lord, Director\n30+ years of experience\nExpertise in Strategic Partnerships, Private Equity, New Business Development, Strategy, Investment Banking, Alternate Investment and Venture Capital Domains\nExtensive Experience in leading  multiple organizations - TradFi & OnchainFi\nPreviously worked in  reputed organizations like HSBC, Nomura, Jefferies\n\n\nLinkedin:https://www.linkedin.com/in/philliplord\n\n\nParshavv Om Jain, COO & Legal Head\nParshav is a Serial Entrepreneur (Fintech, DeFi, SME Lending, Gaming, Esports, Betting, Marketplace), Product, Strategist, Finance and Legal Professional.\nWith over 16+ years of experience in various fields and having taken exits from previous start-ups, one of the start-ups got recognized as an innovative start-up from DIPP, Govt. of India.\nSold the previous start-up, providing 2X exit to investors in 1 year\nHas 8 years of experience in BIG4 firms in setting up new practices, running business functions, and leading teams.\n\n\nLinkedin: https://www.linkedin.com/in/iamparshavvomjain/   \n", "hidden": true, "question": "What are the roles and experiences of project team members?", "questionId": 11}, {"type": "paragraph", "answer": "Zoth has raised 3.5M$ in funding to date and is backed by several notable investors like Taisu Ventures, Ripple, SOSV, Blockchain Founders Fund, Borderless Capital, Mindfulness Capital, Altzan Capital, Yap Capital, Singularity dao, Angellist Access Fund and many more.\n", "hidden": true, "question": "How much funding has your project raised already?", "questionId": 12}, {"type": "short-answer", "answer": "Zoth has secured a grant from Ripple XRPL accelerator ", "hidden": true, "question": "Is this project already funded by other grant programs? If funded by any Arbitrum-related programs, please specify.", "questionId": 13}], "project": {"id": "0xde5d0d77cdc16c72932aa70aea900b891f8e22255f005db1760376076a163860", "title": "Zoth", "logoImg": "bafkreigzx4crsqs77hmlf3g5qlj4pjgy3vfb25uukwu7cuuhyafzqw52tq", "metaPtr": {"pointer": "bafkreigcnhb55tanp2upuwrqvppxbvgu35tdytn5kw5gzlu4btafizgtai", "protocol": "undefined"}, "website": "https://zoth.io/", "createdAt": 1721653709940, "credentials": {}, "description": "Zoth is a Defi RWA ecosystem simplifying yield generation on digital assets, by bringing safe & secure fixed-yield products on-chain. bridging the gap between Onchain Finance and TradFi. \n\nZoth believes that the convergence of Traditional Finance and Onchain Finance is inevitable. Onchain finance is poised to experience a substantial influx of institutional capital amounting to trillions of dollars, coupled with the tokenization of high-market capitalization traditional assets.\n\nZOTH - FI Platform\nThe inaugural offering, ZOTH-Fixed Income (ZOTH-FI), represents an Institutional Grade Fixed Income Marketplace, that facilitates investor access to top-tier Fixed Income assets through Stablecoins. Zoth encompasses a diverse spectrum of asset classes including Trade Finance Receivables, Tokenized T-Bills Highly rated Sovereign Bonds, and Corporate Bonds.\n\nHaving garnered over $3.5 million in funding from top early-stage VCs such as Ripple, Taisu Venture, Wormhole, Chainlink, SOSV, and BFF, ZOTH is poised for exponential growth and innovation.\n\nZoth's vision is to be the leading yield layer in the digital assets space targeting a TAM of close to $1 Trillion in Digital assets \n", "lastUpdated": 0, "projectTwitter": "zothdotio"}, "recipient": "0xe96152Fe23520E28823EEc205d81355017aA4192"}}