TownSquare completes builder round financing, focusing on Monad cross-chain lending services.

[Coin World] According to an official announcement, the modular currency market protocol TownSquare, built on Monad, has announced the completion of a builder round of financing, with institutional investors including Typhon Ventures, Bixin Ventures, Dorahacks Ventures, Mulana Capital, and Ankaa. TownSquare focuses on providing leveraged yield and cross-chain lending services, with the protocol natively built in a cross-chain environment, centered around Monad. Its treasury system provides native integrated components for passive yield and leveraged yield experiences. The protocol adopts a modular architecture, combined with the team's rich experience, aiming to bring higher efficiency, stronger cross-chain interoperability, and optimized yield to Decentralized Finance.