News linked to both this project and an event.
TownSquare, an infrastructure platform focused on institutional yield and cross-chain lending brokerage services, has announced a $100 million USD1 token liquidity program—a strategic initiative designed to bring institutional-grade and cross-chain yield opportunities to a broader user base via World Liberty Financial’s USD1 stablecoin and institutional yield strategies. Previously, TownSquare collaborated with the World Liberty Financial DeFi team to integrate the USD1 token onto Monad, a high-performance EVM-compatible chain, and received official incentives from the Monad Foundation. The team stated that this new liquidity program marks TownSquare’s continued commitment to expanding DeFi’s real-world applicability and delivering institutional strategy yields to more assets. Currently, the project’s official website has launched its cross-chain lending functionality, while its yield vault product is listed as “Coming Soon.” According to official information, the project has previously completed a funding round backed by Monad, a16z, Aptos, Solana Bonk, and other U.S. and European angel investors and VCs. The founding team includes alumni from Coinbase, Meta, Accenture, and market-making firms. Details about the project’s next funding round have not yet been disclosed.
blockchain trading platform Ekiden has announced the completion of a $2 million seed funding round, led by Unicorn Factory Ventures and P2 Ventures. The round also attracted participation from angel investors who have previously invested in projects such as GSR, Pyth, Aptos, LayerZero, and Cube Exchange. It is reported that Ekiden is valued at $20 million. The company is dedicated to bringing institutional-grade trading on-chain, providing efficient and secure trading solutions through blockchain technology. (TechFundingNews)