Treehouse has announced the successful closure of a strategic funding round, during which it secured new investments. The amount of the deal remains confidential; however, the startup’s valuation has risen to $400 million.
This is reported by Finway
Treehouse specializes in digital asset infrastructure and reported that the funding round was led by the venture arm of one of the world’s leading insurance and financial companies, which manages assets totaling over $500 billion. Additionally, investors from both decentralized and traditional finance sectors participated in the funding.
Investors and Strategic Plans
Among the investors supporting the startup are:
- Jordi Alexander, founder and CEO of Selini;
- Guy Yang, founder and CEO of Ethena;
- Darius Sit, founder and CIO of QCP;
- Rich Teo, co-founder and CEO of Paxos;
- Matthew Tan, founder and CEO of Etherscan;
- Michael Ashby, CEO of Algoquant, former head of digital assets at Point72;
- Mirko Schmidl, co-founder and CEO of Staking Rewards;
- Jack Yang, founder and CEO of LTP;
- Benedict Chan, former CTO of BitGo, head of engineering at Chainlink.
Furthermore, representatives from Lido, EtherFi, and other protocols participated in the funding round. Previously, the company raised $18 million during its seed round, with notable investors including Binance and the SoftBank Vision Fund.
The Future of Treehouse in the Digital Asset Space
Treehouse plans to use the newly raised capital to develop its products and infrastructure in the fixed income sector. The company’s CEO, Brandon Go, stated:
“Fixed income is the backbone of the global financial system, and we aim to bring that same infrastructure into the digital asset space. The funding secured will allow us to scale our efforts and expand the available solutions.”
Key development areas include the launch of Decentralized Offered Rates (DOR) and tAssets, starting with tETH. The new funds will also be allocated to enhancing the protocol, ensuring regulatory compliance, global expansion, and strengthening partnerships with institutional players.
In the near future, Treehouse will announce the launch of DOR on the mainnet. The company also plans to expand tAssets to new underlying assets, L2 solutions, and Proof-of-Stake-based blockchains, as well as increase the yield of tETH.