River has completed a $12 million strategic funding round, with participation from Maelstrom Fund, The Spartan Group, and others.
TL;DR
River has secured $12 million in strategic funding from investors like Tron DAO and Maelstrom Fund. The funds will boost ecosystem growth, enhance stablecoin liquidity, and support satUSD integration in trading and yield products.
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Odaily Odaily that River has announced the completion of a $12 million strategic funding round. Investors include Tron DAO, Justin Sun, Maelstrom Fund (founded by Arthur Hayes), The Spartan Group, and several Nasdaq-listed companies in the US and Europe. This funding will be used to accelerate ecosystem deployment, enhance stablecoin liquidity, and promote the integration of satUSD in trading, lending, staking, and yield scenarios. River plans to launch yield products for retail and institutional investors, including Smart Vault and Prime Vault, providing a unified yield acquisition interface through protocol-native and institutional-grade strategies.