Dow Protocol bags $10.5M to bring RWA financing to e-commerce merchants

Dow Protocol has completed a $10.5 million seed funding round to expand its blockchain-based financing model that advances working capital to e-commerce merchants against pending receivables. Summary Dow Protocol has raised $10.5 million in a seed funding round led by crypto focused investors. The company provides working capital to e commerce merchants against pending receivables using a PayFi RWA model. Merchant repayments are collected automatically through integrations with e commerce platforms. The funding comes as tokenized real world assets continue expanding across blockchain based financial markets. Dow Protocol announced the funding round on X, saying the investment was backed by MH Ventures, Mapleblock, Animoca Brands, Arcane Group, HSKChain, Essentia Partners, and Quartet Group. The company said it is building a PayFi real-world asset (RWA) structure that lets merchants receive financing before online marketplaces release their sales proceeds. Unlike conventional merchant financing, which often requires businesses to wait for platform settlements or lengthy underwriting, Dow Protocol said its asset servicing partners provide funding based on merchants’ outstanding recei...