Fortunafi, a platform dedicated to the tokenization of real-world assets (RWA), has announced the successful completion of strategic and seed funding rounds, amassing $9.51 million. In addition, Fortunafi has introduced a new stablecoin protocol named **Reservoir**.

Funding Rounds and Investors

The strategic funding round, valued at $3.16 million, was completed last December, while the seed round, amounting to $6.35 million, closed in October 2021. The formal announcement of these rounds was made today by Fortunafi's founder and CEO, Nick Garcia. The rounds were structured as equity with token warrants, elevating Fortunafi's valuation to $48.165 million.

Investors in these rounds included:
- Shima Capital
- Manifold
- Jordan Fish (aka Cobie)
- Ari Litan of LayerZero Labs
- Austin Green of Llama
- Evanss6
- Scott Lewis

About Fortunafi

Founded in 2020, Fortunafi initially operated as an issuer on the tokenization platform **Centrifuge**. Collaborating with MakerDAO, Aave, and others, the platform successfully tokenized over $15 million in private debt and institutional loans

In December, Fortunafi launched its proprietary Tokenized Asset Protocol (TAP), a cross-chain platform allowing users to mint real-world assets on multiple Layer 1 and Layer 2 networks. TAP currently offers tokenized U.S. Treasury Bills and plans to expand its offerings with five new assets:
- Coinbase stock
- Robinhood stock
- Bitcoin ETFs
- An equity index (SPDR S&P 500 ETF Trust and Invesco QQQ Trust blend)
- Hilbert Capital Fund

Additionally, Fortunafi is set to introduce a real-world asset index token in partnership with Index Coop. TAP is live on the Canto, Blast, and Arbitrum networks, with plans to support more blockchains like Base and Berachain. The platform has a total value locked (TVL) of $7 million, expected to grow with the new launches.

Introduction of Reservoir Stablecoin Protocol

Reservoir, Fortunafi's newly introduced stablecoin protocol, is expected to launch in June. While Reservoir operates independently from Fortunafi, it aims to offer yield-bearing products backed by both digital and real-world assets. Reservoir will be built on Ethereum, providing native integration across various chains. The protocol's native stablecoin, rUSD, will be usable across decentralized finance (DeFi) platforms, backed by a balance sheet of digital and real-world assets.

Garcia emphasized that Reservoir is designed to deliver attractive yields, enabling users to benefit from DeFi through a simple wallet and internet connection. The Fortunafi team currently consists of 10 people, with some team members transitioning to support Reservoir. Garcia intends to maintain a lean team for the foreseeable future.

With these strategic moves, Fortunafi is positioning itself at the forefront of real-world asset tokenization, while Reservoir aims to enhance the DeFi landscape by offering secure, yield-generating stablecoin solutions.