TechFlow News, May 21: TownSquare, an infrastructure provider focused on institutional yield generation and cross-chain lending brokerage services, announced the completion of its latest Pre-A round of financing, bringing its total funding to $16.25 million. These funds will accelerate the institutional adoption of USD1—and other RWA assets—on World Liberty Financial.
Participating investors disclosed thus far include the World Liberty Financial Ecosystem Fund, Auros Ventures, OKX Ventures, Moca Network, Amber Group, Arcane, SHV, Animoca Ventures, GEM, Bixin Ventures, DoraHacks, B-side, Ankaa Accelerator, Mulana Capital, and Typhon Ventures. Angel investors include teams and individuals from Monad, a16z, Solana Bonk, Donut Browser, WorldClaw, Turtle, Stakestone, Fastlane, Sixpence, Kintsu, and Aspecta.
Previously, TownSquare announced a $100 million USD1 liquidity initiative and collaborated with the World Liberty Financial team to deploy USD1 on Monad’s EVM-compatible L1 chain. The company is now preparing to launch its yield-bearing vault product, which is expected to support liquidity programs and institutional yield vaults for RWA assets—including USD1, on-chain gold, and cbBTC—across high-performance blockchains such as Monad and BNB Chain. These products aim to integrate institutional strategies and liquidity more deeply into public blockchain ecosystems, significantly improving asset utilization efficiency within those ecosystems and strengthening the connection between TradFi and DeFi.
