SimpleChain has officially launched its testnet, marking a significant step in its development as a Layer 1 infrastructure blockchain for Real World Assets (RWA). The launch includes an early ecosystem airdrop program where users can earn points by completing testnet tasks, which will be crucial for future mainnet token airdrops. The SimpleChain team comprises former senior executives from Shuqin Technology and Ant Group. The project recently secured $15 million in a seed funding round led by traditional family offices and industry-focused investment institutions. During the testnet phase, SimpleChain aims to validate its core capabilities, including Trusted Data Services (TDS), Compliance-as-a-Service (CaaS), and the DataIPO protocol for asset issuance.