Pencil Finance completed a $1 million on-chain student-loan cycle in July 2025, part of its on-chain student lending operations and delivered through a bundled loan cycle. The bundle financed loans for more than 6,600 students at 118 institutions over a 12-month period, reflecting the aggregate reach of that financing cycle across participating schools. About 1,050 borrowers received funding directly attributable to Pencil Finance during that same 12-month cycle.
The Pencil Finance protocol operates on EDU Chain, an education-focused Ethereum-based network built using Arbitrum Orbit. ErudiFi issued the loans in the US$1 million bundle. The protocol deployed loans in the aggregate amount of US$1 million to borrowers. About 1,050 borrowers received funding directly attributable to Pencil Finance during the same 12-month cycle. The article notes the claim of a fully on-chain cycle could not be independently verified.
The bundle financed loans for more than 6,600 students at 118 institutions over 12 months. The bundle was funded in July 2025 by Animoca Brands, Open Campus, and NewCampus. Investors were divided into a senior tranche with fixed returns and a junior tranche with variable returns. The junior tranche absorbed first losses. Loans were serviced through repayments that returned capital to the bundle’s funders with yield, and every step was recorded transparently on the blockchain.
ErudiFi issued the loans in the reported cycle, as part of the lending activity described in the article. Across ErudiFi’s portfolio, half of borrowers are women, 93% come from lower-income households, and 52% were using formal credit for the first time. Those demographic figures were presented alongside the loan issuance details in the same coverage.
The article notes the claim of a fully on-chain cycle, which could not be independently verified. The article did not disclose borrower costs. The article did not disclose defaults or investor returns.
The coverage included the demographic and portfolio figures together with verification caveats. No further financial specifics were provided in the article beyond those points.
Pencil Finance completed a fully on-chain student lending cycle that deployed US$1 million over a 12-month period and supported thousands of students. The cycle was funded by notable investors and built on an education-focused blockchain network. The article presented these outcomes alongside borrower demographics and verification caveats, and it did not disclose borrower costs, defaults, or investor returns.
