Introducing the Credit Collective: Celo’s Community-Led Fund Pioneering the Future of On-Chain…

The Credit Collective, a community-led fund, has been launched by Celo, aiming to pioneer on-chain credit solutions and real-world asset tokenization within the Web3 industry. The fund, led by Tomer Bariach and Reuven Palatnik, plans to address global credit challenges and support cutting-edge credit projects. The Celo community has already voted to fund the Credit Collective with 2M cEUR, promoting financial inclusion through blockchain technology. The Credit Collective has also announced its inaugural investment of 75,000 cUSD into EthicHub, a crowdlending platform for unbanked farmers.