TownSquare, an RWA yield protocol, has successfully completed its Pre-A funding round, raising a total of $16.25 million. The funds will be allocated to develop yield products based on institutional strategies and cross-chain brokerage services. TownSquare aims to provide retail users with access to institutional-backed on-chain asset yields, currently managing approximately $36 billion in such assets. These assets offer yields surpassing the traditional 3%–5% range of U.S. Treasuries. The protocol plans to establish yield vaults around stablecoins like USD1, tokenized gold, USDC, cbBTC, and other real-world assets (RWAs). Additionally, TownSquare is collaborating with World Liberty Financial on a $100 million USD1 pipeline initiative to further expand its offerings.