Anzen Finance is an innovative DeFi protocol that issues a stablecoin called USDz, backed by tokenized real-world cash flows (RWA). With a secure backend and strict risk management, the project offers sustainable yield, reduces volatility, and bridges institutional capital into blockchain finance.
Contents
- Overview and History of Anzen Finance
- Technology and Smart Contracts
- USDz Mechanics, Token and Staking
- Ecosystem, Partners, Integrations
- Risk Management and Security
- ANZ Tokenomics and Funding
- Real-World Use Cases
- Conclusion
1. Overview and History of Anzen Finance
Anzen Finance positions itself as the first DeFi protocol to issue a stablecoin (USDz) fully backed by tokenized real-world assets. The model is based on private credit portfolios with predictable cash flow, giving the token credibility and resilience.
The project launched its testnet in December 2023 and transitioned to mainnet in January 2024. In May, it raised $4 million in a seed round, followed by a $3 million public token sale in December. These funds supported tech development, audits, and multichain integration.
The team includes former professionals from Blackrock, UBS, and Goldman Sachs. This expertise enabled Anzen to build a strong underwriting and risk management foundation. Since launch, the protocol has shown stable growth, expanding its partnerships and strengthening its position in the RWA space.
2. Technology and Smart Contracts
Anzen operates across multiple blockchains, including Ethereum, Base, and Blast, using the LayerZero Omnichain Fungible Token (OFT) standard to ensure USDz portability across networks. This enhances liquidity and user accessibility across ecosystems.
The codebase is open source on GitHub, including OpenZeppelin contracts, analytics adapters, and server-side infrastructure. Smart contracts are audited by Zellic, Peckshield, and Halborn. RWA collateralization is managed through tokenized private credit slices under strict KYC, via the platform Percent, which oversees over $1B in assets.
Key technological features of Anzen:
- Multichain support (Ethereum, Base, Blast, etc.);
- LayerZero OFT standard for cross-chain USDz movement;
- DeFi integrations with DEXs and liquidity aggregators;
- Transparent, open-source codebase on GitHub;
- Security audits from Zellic, Peckshield, Halborn;
- RWA-backed reserves managed by Percent;
- Automated on-chain/off-chain data flow;
- Scalable framework for adding new assets and networks.
Thanks to this architecture, Anzen offers a robust and flexible infrastructure for issuing and circulating USDz. Its integration with real-world assets and multichain compatibility makes it suitable for both institutional and DeFi users.
3. USDz Mechanics, Token and Staking
USDz is a stablecoin fully backed by real-world assets generating predictable cash flow. Each token is backed by at least $1 in revenue from tokenized private credit. Price stability is maintained via arbitrage: if USDz trades below $1, traders buy it; if above, new USDz are minted against USDC.
Users can stake USDz to receive sUSDz, a yield-bearing token whose value appreciates with portfolio returns. A 7-day cooldown is required for withdrawals, ensuring system stability and mitigating liquidity risks.
The process is simple: connect a wallet, buy USDz on a DEX, stake it, and passively accrue yield. Upon exit, users receive more USDz than initially deposited.
Thus, USDz combines the functions of a stable medium of exchange and a yield-generating asset, suitable for both DeFi operations and long-term savings.
4. Ecosystem, Partners, Integrations
Anzen continues expanding its ecosystem through integrations with Aerodrome, Beefy Finance, Base, Circle, Extra Finance, and over 30 other partners across five blockchains. USDz is available on major DEXs, supports liquidity pools, and can be used in yield farming strategies.
The project is also part of the Chainlink BUILD program, gaining access to reliable oracles and enhancing data security in smart contracts. This is key for accurately tracking RWA-backed collateral.
According to DeFiLlama, Anzen’s TVL is approximately $123 million, mostly on Base. The protocol is listed on CoinMarketCap and TokenTerminal, further validating its transparency and adoption.
This strong network of integrations positions Anzen for broad adoption and scalability within the DeFi landscape.
5. Risk Management and Security
Anzen prioritizes capital protection and system reliability. With USDz backed by real assets, the protocol employs a layered risk management model combining technical, legal, and operational safeguards.
Anzen's risk control mechanisms include:
- Diversified asset portfolio with concentration limits;
- Strict underwriting with full KYC;
- Deal management through trusted partner Percent;
- Ongoing smart contract audits;
- Transparent reserves and public reports.
Despite these protections, risks remain — including credit defaults, RWA market volatility, and technical issues during upgrades (e.g. V1 to V2 migration).
Still, Anzen’s structured approach, trusted partnerships, and transparency position it as one of the most resilient RWA-backed protocols in DeFi.
6. ANZ Tokenomics and Funding
Anzen’s native token ANZ serves as a utility asset within the ecosystem — for incentives, governance, and future platform access. The total supply is 10 billion tokens, with around 851 million in circulation. At ~$0.00103 per token, the market cap is under $1 million, while FDV stands at $10.3 million.
The project is backed by leading VCs, including Mechanism Capital, Circle Ventures, Arca, Frax, IVC, M31, and others. In 2024, Anzen raised $4 million in a seed round and $3 million via public sale.
With TVL exceeding $120 million, user activity and investor confidence are strong. ANZ’s current limited role suggests room for greater utility as the platform evolves.
7. Real-World Use Cases
USDz is a stable, asset-backed token suitable for both retail and institutional use. Its reliability makes it ideal for payments, cross-border transfers, and hedging against crypto volatility.
Users can earn passive income through staking, while institutions can tokenize private credit to issue USDz and unlock liquidity. USDz is integrated across DeFi platforms — from farming and liquidity provision to DAO operations and payouts.
Its transparency and speed also make it viable for commercial use in global transactions. Anzen has introduced z-points to incentivize user activity across partner platforms like Aerodrome and Blast, further expanding user engagement.
8. Conclusion
Anzen Finance is a promising bridge between traditional credit markets and DeFi. The project offers a stable token, USDz, backed by real-world assets, with built-in yield generation and multichain accessibility. Its core strengths include institutional-grade underwriting, a partnership with Percent, a robust KYC framework, and secure smart contracts audited regularly.
With a high TVL, active DeFi integrations, strong investor backing, and a transparent architecture, Anzen has established a solid foundation for long-term growth. While risks related to the RWA market remain, the project’s structured approach makes them manageable.
Overall, Anzen Finance stands out as one of the most reliable projects in the RWA stablecoin space — ideal for those seeking a combination of stability, yield, and technological sophistication.
