Founders Fund led a $5 million investment to buy ANVL tokens from Anvil, a cryptocurrency collateralization agreement, with participation from Pantera Capital and Bullish. The tokens come from existing vaults, and ANVL holders have governance rights. Anvil is built on Ethereum with the aim of using digital assets as collateral for financial commitments, and research and development companies release SDKs for enterprise integration. Anvil is developed by the Acronym Foundation and currently has a total lock up volume of approximately $14 million. ANVL has a circulating supply of 80 billion pieces, with a total supply of 100 billion pieces.