The startup 3Jane has received $5.2 million in investment from Paradigm to develop a DeFi protocol that enables the provision of unsecured credit lines in the stablecoin USDC.
This is reported by Finway
Features of 3Jane’s Innovative DeFi Solution
The investment was led by Paradigm as part of a seed funding round. 3Jane is creating a platform aimed at addressing the key challenges of unsecured lending in the cryptocurrency sector. As highlighted by the startup’s founder, Jacob Chudnovsky, previous attempts to implement such mechanisms in the digital asset sector have failed due to a lack of effective creditworthiness assessment systems and legal tools for debt collection.
«We are trying to build the first credit money market. DEXs already exist, over-collateralized protocols already exist, staking, restaking — all of this is available. But the fifth horseman, namely unsecured lending, is practically underdeveloped,» said Chudnovsky.
3Jane offers a new approach to creditworthiness assessment — based on verified financial data from DeFi, CeFi, and traditional banking systems. To protect confidential information, zkTLS technology is used, ensuring secure data exchange with offline sources.
Launch Plans and Market Activity
According to the company’s plans, the mainnet for 3Jane will be operational in the third quarter of 2025. Initially, access to the product will be available only to users in the United States.
It is worth noting that interest in the DeFi lending market is growing: previously, SharpLink Gaming completed a private funding round of $425 million for its project in the Ethereum ecosystem.