PanGu Protocol Raises $10M for RWA-on-Bitcoin
RWA project PanGu Protocol has secured a $10 million investment from FeiXiaoHaoX. The capital will be used to build a BTC-backed chain that enables the incubation of Real-World Asset IPOs, with pathways to traditional markets like Nasdaq.
The project, also known as PG Protocol (PGP), is developing a Layer 1 public blockchain that leverages Bitcoin's security and is compatible with the Ethereum Virtual Machine. Its stated goal is to create a financial infrastructure for global trade settlement. RWA integration is a planned component of its future expansion. The protocol's whitepaper outlines a concept for a "BTC-RWA Dual-Anchor Stablecoin." This model would allow for the issuance of compliant stablecoins collateralized by both Bitcoin and traditional assets such as gold, real estate, or government bonds. This approach aims to merge the security of Bitcoin's settlement network with the regulatory compliance and stability of audited real-world assets. Recent technical updates from September 2025 indicate the project is actively developing, with the mainnet launch of its "ECO chain," described as a Bitcoin-anchored EVM chain. A stablecoin, BTCD, has also been launched on this chain. These updates also show a strategic integration with the "Pangu" community for joint mining initiatives. FeiXiaoHaoX, the reported investor, is a prominent China-based cryptocurrency market data provider, often considered the Chinese equivalent of CoinGecko. The platform was established in 2017 and provides extensive data on thousands of cryptocurrencies.
