PANews, June 10: According to The Block, former traditional finance structured derivatives trader Lars announced the co-founding of TVL Capital and completed a $5 million funding round to launch Chain-Traded Products (CTPs), positioned as the on-chain equivalent of ETPs. Lars previously priced alternative derivatives at BNP Paribas and Credit Suisse, stating that DeFi has not yet reconstructed tools comparable to traditional structured products. TVL aims to bring compliant, composable structured derivatives—institutional-grade yields and complex payoff structures—on-chain, initially leveraging traditional financial infrastructure, with a long-term plan to build fully digital-native products.
TVL Capital Raises $5M to Launch On-Chain Structured Products
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Summary
TVL Capital, led by former traditional finance trader Lars, has raised $5 million to launch Chain-Traded Products (CTPs), an on-chain alternative to ETPs. Lars, with experience at BNP Paribas and Credit Suisse, said DeFi has not yet replicated traditional structured products. The firm plans to deploy regulated, modular structured derivatives on the blockchain, beginning with traditional finance infrastructure and aiming for fully digital-native solutions. This token launch signals a new direction for DeFi innovation.
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