TownSquare raises $16.25M to accelerate institutional yield adoption

What's the deal? TownSquare, an infrastructure platform for institutional yield and cross-chain lending, has completed a Pre-A funding round that brings its total raised to $16.25M. The round drew a notable roster of backers, including World Liberty Financial Ecosystem Fund, Auros Ventures, Moca Network, Amber Group, Animoca Ventures, Bixin Ventures, and DoraHacks, along with angel investors from teams at Monad, a16z, and Solana Bonk.

The capital will fund efforts to drive institutional adoption of USD1 and other RWA (Real World Assets) yield opportunities. Previously, TownSquare announced a $100M USD1 liquidity commitment, underscoring its focus on bridging institutional capital with decentralised finance infrastructure.

Investors in this round: Amber Group, Kintsu, Aurora Ventures, Donut, DoraHacks, World Liberty Financial Ecosystem Fund, Auros Ventures, Moca Network, Animoca Ventures, Bixin Ventures, Arcane, SHV, GEM, B-side, Ankaa Accelerator, Mulana Capital, Typhon Ventures, and angel investors from Monad, a16z, Solana Bonk, Donut Browser, Stakestone, Fastlane, Sixpence, Kintsu, and Aspecta.

Source: Bitget News