TechFlow reports: On October 7, according to CoinDesk, Peter Thiel-backed Founders Fund led a $5 million token purchase in Anvil, a cryptocurrency collateral protocol. In addition to Founders Fund, Pantera Capital, Theta Blockchain Ventures, Bullish, and Protoscale Capital also participated in the purchase of ANVL governance tokens. Anvil has a total supply of 100 billion tokens, of which 80 billion are currently in circulation.

The protocol confirmed to CoinDesk that all the tokens mentioned above were drawn from the existing treasury rather than newly issued, but did not disclose the specific transaction terms or valuation.

The token purchase comes as Anvil has released a new software development kit (SDK). The project is built on Ethereum and aims to enable businesses and financial institutions to integrate its digital asset collateral technology without writing blockchain code.