Monad (MON)-based DeFi money market project TownSquare announced via its official X account that it has raised $16.25 million in pre-A funding. It is reported that World River Financial, Oros Capital, Arcane, OKX Ventures, Animoca Brands, Amber Group, and Aptos participated in TownSquare's funding round. The investment is expected to be used to strengthen the revenue generation structure through USD1 and Real World Asset (RWA) tokenization.
