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Pencil Finance completes $1M onchain student loan cycle for 6.6K students

Student loan RWA protocol Pencil Finance completed a $1 million onchain student loan cycle, providing financing to thousands of underserved students in Southeast Asia; it said this was its first fully onchain student loan cycle.

Student loan real-world asset (RWA) protocol Pencil Finance completed a $1 million onchain student loan cycle, offering financing to thousands of students in Southeast Asia who were underserved by traditional lenders.Pencil said it completed its first fully onchain student loan cycle on the blockch…