TechFlow reports that on May 14, TownSquare—a DeFi infrastructure provider focused on institutional yield and cross-chain lending brokerage services—announced a $100 million USD1 token liquidity program. This initiative aims to broaden access to institutional-grade and cross-chain yield opportunities by leveraging World Liberty Financial’s USD1 stablecoin and institutional yield strategies.
Previously, TownSquare collaborated with World Liberty Financial’s DeFi team to integrate the USD1 token onto Monad, a high-performance EVM-compatible chain, and received official incentives from the Monad Foundation. According to the team, this new liquidity program marks TownSquare’s continued commitment to expanding DeFi’s reach and bringing institutional yield strategies to a broader range of assets.
Cross-chain lending functionality is now live on the project’s official website, while its interest-bearing vault product is listed as “Coming Soon.”
According to official information, the project has already completed one round of funding, backed by investors including Monad, a16z, Aptos, Solana’s Bonk, as well as European and U.S.-based angel investors and multiple venture capital firms. The founding team includes alumni from Coinbase, Meta, Accenture, and market-making firms. Details regarding the project’s next funding round have not yet been disclosed.
