Founders Fund Leads $5 Million Token Purchase for Anvil Protocol

On October 7, according to CoinDesk, Peter Thiel-backed Founders Fund led the purchase of tokens for the crypto collateral protocol Anvl, with a transaction value of $5 million. Alongside Founders Fund, Pantera Capital, Theta Blockchain Ventures, Bullish, and Protoscale Capital also participated in the purchase of ANVL governance tokens. The total supply of Anvl is 100 billion tokens, with 80 billion currently circulating.

The protocol confirmed to CoinDesk that all aforementioned tokens were drawn from existing treasury reserves rather than newly issued tokens, though specific deal terms and valuations were not disclosed.

The token purchase follows the release of a new software development kit (SDK) by Anvl. Built on Ethereum, the project aims to enable enterprises and financial institutions to integrate their digital asset collateral technology without requiring them to write blockchain code.