Afternoon! Back after a week break from TOKEN2049. I will take my time to also do deep dives into projects that I've met that week.

But for today, lets dive into a recent pre-seed raise in the RWA sector: HELIX $2M Pre-seed led by Saison Capital and Superscrypt

🌐 What is Helix Finance up to?
They're building an institutional marketplace for blockchain-based lending in SEA & emerging economies, powered by Helicap Labs.

📊 The Market Opportunity:
RWA Credit Space: $500M
Stablecoins: $120B
Growth Challenges: Credit risk, origination, and liquidity.

🛠 Key Features:
• Proprietary credit assessment tools: analyse millions of loans to provide unprecedented credit and fraud insights
• Diverse pool of borrowers: consumer, agriculture, education, technology and small-medium enterprises (SMEs) from Southeast Asia

🔄 Secondary Market Liquidity:
• Connecting a network of institutional liquidity providers to facilitate the trading of tokenized loan assets before maturity.
• Aims to work with stablecoins, exchanges and lending protocols to scale the RWA credit ecosystem.

🔗 Mainnet & Expansion:
Launching on Ethereum in Q4 2023, with plans to expand to other blockchains.

🌟 Helicap’s Significance:
A veteran fintech platform connecting private credit to accredited investors, with an impressive track record of $200M in SEA private credit and zero defaults.

🔐 Competitive Edges:

• Institutional-grade credit analytics
• MAS licensed online platform, Helicap Securities (which holds a capital markets services license for dealing in capital market products and is regulated by the MAS).

Relevant links:

Helicap Group CEO Interview: lnkd.in/gyKV4WMR

ADDX: lnkd.in/gm7Xq5ja

GM! @worldcoin.lens came over to 33Club on Friday to meet ARC! Hopefully we can have a partnership down the road but for now, lets just explore what they have to offer.

🚀 Introducing Worldcoin: Identity Meets Finance in Crypto

A Sam Altman company, they raised $115M with a strong mission that would become increasingly important in a AI dominated economy: Give everyone access to the global economy through decentralized technologies, solving privacy-preserving identity, access to internet-native financial services, global distribution of digital currencies, governance of public goods, and ultimately a path to AI-funded UBI.

This starts first with ensuring personhood via these iris scanners to mint WorldIDs. Their immediate use case can be anti-sybil for airdrops and on a larger scale, remove the need for CAPTCHA.

🔹 World App & Key Features
Worldcoin brings us the World App, a unique tool that merges identity and finance while maintaining user privacy.

Send, deposit & withdraw digital currencies (Currently via bank account & local transfers)
Stores WorldID - your digital passport in the crypto world.
Grants feature: Offering recurring tokens to any person verified with a World ID.

🌐 Worldcoin Website: worldcoin.org/

🔹 Worldcoin in Numbers

Total users: Over 2.05M
Daily wallet transactions: Approx. 60K
Daily World ID checks: About 25K

🔹 Privacy First

Worldcoin App is designed with user privacy at its core:

Requires no personal information.
Any shared data can be wiped with a tap.
World ID and wallet keys are self-custodial.
Option to back up keys to Google Drive or iCloud.

🔹 Recent Updates

Migration to Optimism mainnet.
Integration with Talent Protocol.
"Sign in with Worldcoin" now available on Okta’s Auth0 Marketplace.

🔹 Worldcoin in Singapore
Singaporeans can now get their World ID verified by booking an appointment with Vega Solutions.

📆 Book Your Slot: twitter.com/worldcoin/status/1681886050124218369?s=20

🔹 What the VCs Think
Curious to see what the big VCs think about Worldcoin? Here's an interesting read from Blockchain Capital: blockchain.capital/worldcoin-proof-of-personhood-world-id-and-the-future-of-crypto-onboarding/