RWA Lending Agreement Goldfinch agrees loan restructuring plan with defaulters on $5m loan

Odaily News RWA DeFi lending protocol Goldfinch has reached agreement on a loan restructuring plan with the defaulting party of a $5 million loan. The plan could lead to the recovery of a $5 million loan from defaulting party Tugende on a motorcycle rental financing project in East Africa. Terms of the agreement were not made public. Tugende co-founder and CEO Michael Wilkerson declined to disclose details of the restructuring plan but promised to provide more information in the coming weeks. (TechCrunch) According to previous news on January 7, 2022, Goldfinch completed US$25 million in financing, led by a16z.