Zoth acquires Soneium ecosystem Neemo Finance to enter the Japanese blockchain market

ChainCatcher reported that Zoth has announced the acquisition of Neemo Finance, a liquidity staking and vault infrastructure protocol within the Soneium ecosystem. This move strengthens Zoth's position as the first full-stack StableFi operating system and expands its reach into the Japanese blockchain market.

It is reported that Neemo is supported by Sony Block Solution. This acquisition will help Zoth integrate liquidity staking and vault functionalities, enhancing the yield strategies and capital efficiency of the ZeUSD stablecoin. The Neemo team will join Zoth to drive product and technology development, while also opening doors for Zoth to collaborate with Asian institutions. Previously, Zoth formed a $75 million alliance with Haven1 to promote institutional adoption of RWAs, and secured a $15 million strategic investment from Bolts Capital to advance RWA on-chain initiatives.