PANews, May 21: According to The Block, the RWA yield protocol TownSquare has announced the completion of its Pre-A funding round, bringing its total raised capital to approximately $16.25 million. The funds will be used to advance yield products based on institutional strategies and cross-chain brokerage services. The protocol focuses on bringing institutional-backed on-chain asset yields to retail users; currently, the total value of institutional-backed assets on-chain is around $36 billion, offering yields exceeding the traditional 3%–5% range of U.S. Treasuries. TownSquare will build yield vaults around stablecoins such as USD1, tokenized gold, USDC, cbBTC, and other RWAs, and is collaborating with partners like World Liberty Financial to advance a $100 million USD1 pipeline initiative.
TownSquare Completes Pre-A Round, Total Funding Reaches $162.5M
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Summary
TownSquare, an RWA yield protocol, has closed its Pre-A round, with total project funding reaching $162.5 million. The capital will support institutional-grade yield products and cross-chain brokerage services. The protocol provides on-chain access and retail participation in institutional-backed on-chain assets valued at approximately $36 billion, offering yields above 3%-5%. TownSquare is developing yield vaults for USD1, tokenized gold, USDC, and cbBTC, and is collaborating with World Liberty Financial on a $100 million USD1 pipeline.
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