3F Raises $4 Million to Enable Leveraged Exposure to Tokenized Real-World Assets on Morpho

Gate News message, April 23 — 3F, a vault protocol built on Morpho, has raised $4 million in funding to offer leveraged exposure to tokenized real-world assets. The funding comprises a $750,000 pre-seed round (July–November 2025) and a $3.3 million seed round (November 2025–March 2026), structured as simple agreements for future equity (SAFEs) with one-to-one equity-to-token conversion warrants.

Maven 11 led the seed round, with participation from F-Prime (Fidelity’s venture arm), Susquehanna Crypto, GSR, Gate Ventures, and others. Pre-seed investors included Steakhouse Financial, Rune Christensen (co-founder of Sky, formerly MakerDAO), and Sam MacPherson (co-founder of Phoenix Labs, behind Spark protocol). Maven 11 general partner Mathijs van Esch has taken an observer seat on 3F’s board.

3F enables users to take leveraged exposure to tokenized real-world assets through a single-click process. The protocol automates the complex “looping” procedure—where users repeatedly buy an asset, post it as collateral, borrow against it, and reinvest—which typically takes weeks for T+1 assets due to settlement delays. 3F completes the full position build within a single settlement cycle, including short-term bridge financing, collateral posting on Morpho, and stablecoin borrowing. The protocol will initially support JAAA, a tokenized AAA collateralized loan obligation fund from asset manager Anemoy, sub-managed by Janus Henderson and tokenized by Centrifuge.

3F generates revenue through management fees on total capital deployed and performance fees on leveraged returns. The six-person team plans to hire in credit underwriting, technology, and security. A private beta launches this week, with broader availability expected in the second quarter.