TProtocol, the first platform that combines RWA on-chain, cross-chain, and asset aggregation, has announced the completion of its angel round of financing. The specific amount has not been disclosed. This round of financing was participated by Summer Ventures (through its Summer Everest ecological fund), Matrixport Venture, and Spark Digital Capital. TProtocol stated that this round of financing will accelerate its transformation into a fully chained RWA asset aggregation platform. Currently, TProtocol has connected asset providers Matrixdock, Backed Finance, OpenTrade, and TrueFi, making it the largest RWA asset aggregation platform on the chain. There are more asset providers being connected.

Hybrid algorithm stablecoin protocol Frax Finance announced a partnership with the first on-chain RWA lending protocol TProtocol, and launched USTP-FRAXBP liquidity mining on Curve, with mining rewards in CRV and TPS airdrops, with an APR of 50%. This is the second RWA partnership project that Frax Finance has collaborated on, and also marks FRAX's official layout in RWA. It is understood that USTP is a super-collateralized stablecoin based on TProtocol's national debt lending, and its iUSTP can generate around 5% lending income.