Camp Network and Mugafi are using the release of Bollywood historical drama Swari Agra as a proof point for an onchain financing model.

In a press release issued Feb 9, Camp Network stated that they’ve closed a fully subscribed film finance vault that reached its $200,000 target. The funds were used for post-production and P&A (prints and advertising) for Swari Agra, which the release lists as having a theatrical release date of Feb. 6, 2026.

“This milestone marks the first time an upcoming Bollywood theatrical film has been financed onchain via a yield-bearing real world asset (RWA) vault structure,” the companies said.

“The way movies are financed hasn’t meaningfully changed in decades. It’s opaque, exclusionary, and inefficient,” said Nirav Murthy, co-founder and co-CEO of Camp. “We’re re-engineering the system from the ground up, giving studios faster, more flexible access to capital while letting fans participate economically in the content they actually care about. This is just the first step in how we’re reshaping financing across the entire entertainment industry.”

The companies said the structure is designed to accelerate capital access for studios and producers, increase transparency through onchain settlement and auditability, and enable community participation with clear terms and onchain records. The release describes Indian cinema as a “$60bn+ industry.”

Swari Agra is directed by Digpal Lanjekar, known for Marathi historical films centered on the Maratha Empire, including Farzand, Fatteshikast, Pawankhind, and Sher Shivraj, with $9.4M+ in cumulative box office earnings across his historical filmography, according to the release.

“We’ve seen growing demand for modern financing approaches that match the speed and scale of contemporary releases,” said Vipul Agarwal, Founder and CEO at Mugafi. “Closing this vault oversubscribed signals real appetite for institutional-grade, transparent funding structures and opens the door for a repeatable model across future projects.”

Vault highlights include a “Headline Yield: 40% APY (as defined in the vault terms; subject to eligibility and risk factors),” the release said. Camp and Mugafi also said they plan to expand the model to additional film and media projects, including Parashuram: The Anime and Don 3.