TownSquare completes Pre-A series of financing totaling US$16.25 million

According to TheBlock, RWA revenue agreement TownSquare announced the completion of its Pre-A round of financing, bringing its total financing size to approximately US$16.25 million. The funds will be used to advance revenue products and cross-chain brokerage business based on institutional strategies.<br /> The agreement focuses on bringing the proceeds of institutional-backed assets to ordinary users. Currently, the scale of institutional-backed assets on the chain is approximately US$36 billion, and the yield exceeds the traditional 3%-5% level of U.S. debt. TownSquare will build a revenue vault around stablecoins USD1, tokenized gold, USDC, cbBTC and other RWAs, and work with partners such as WorldLibertyFinancial to promote a USD1 pipeline plan of approximately US$100 million.