3F Raises $4M to Enable Leveraged Exposure to Tokenized Real-World Assets via Morpho

Gate News message, April 24 — 3F, a vault protocol built on Morpho, has raised $4 million to offer leveraged exposure to tokenized real-world assets. The funding comprised a $750,000 pre-seed round (closed November 2025) and a $3.3 million seed round (closed March 2026), both structured as SAFEs with one-to-one token warrants.

The seed round was led by Maven 11, with participation from F-Prime (affiliated with Fidelity Investments), 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). Maven 11 partner Mathijs van Esch has taken an observer seat on 3F’s board.

3F enables users to take leveraged positions on RWA through a one-click process. Users select an RWA and leverage factor; the protocol coordinates bridge financing, supplies the asset as Morpho collateral, and borrows stablecoins to repay the bridge. This eliminates the manual “looping” process that typically requires 20+ days for T+1 assets. The platform will initially support JAAA, a tokenized AAA collateralized loan obligation from Anemoy (sub-managed by Janus Henderson and tokenized by Centrifuge).

3F’s revenue model includes management fees on deployed capital and performance fees on leveraged returns. The team of six plans to expand in credit underwriting, technology, and security. A private beta launches this week, with a broader public launch expected in Q2 2026.