Teller, a DeFi protocol that enables unsecured digital asset lending and borrowing, announces a strategic funding round led by Blockchain Capital.

Franklin Templeton, Toyota Ventures, Bessemer Venture Partners, Upstart, Signum Capital, and others also joined to fund the project, alongside angel investors from Paypal, Fundera, and Bison Trails.

Teller is a market participant-driven DeFi protocol that enables unsecured digital asset lending and borrowing. The Teller Protocol accomplishes this through an open order book model that allows participants to share commonly used off-chain data with on-chain loan requests. Marketplaces and lending platforms can integrate the Teller Protocol to fill loan requests, allowing lenders to decide what loans to fill based on the appended borrower data.