Untangled Finance, a tokenized real-world asset (RWA) marketplace, reportedly launched on the Celo network on Wednesday after receiving a $13.5 million financial boost to bring tokenized private credit to the blockchain, according to Coindesk.

The platform's main investor, the London-based asset management firm Fasanara Capital, created two credit pools to manage off-chain activities and loan underwriting.

Untangled has revealed intentions to use Chainlink's (LINK) Cross Chain Interoperability scheme to connect to Ethereum (ETH) and layer 2 network Polygon (MATIC), transforming the platform into a multichain and interoperable RWA credit scheme.

Untangled offers the infrastructure for hosting blockchain-based credit pools, where investors—in this case, corporations, decentralized autonomous organizations (DAOs), and certified investors—deposit money to lend out and get interest. An ERC-20 token that symbolizes their positions is given to depositors.

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