Last week, I mentioned that @TownSquarexyz had secured a new round of funding and was just waiting for the official announcement. Right before bed last night, I saw the news drop. Took a quick glance—both the old and new backers are onboard (Amber + OKX Ventures). But what’s more important is that in this current bear market environment, securing funding itself is no easy feat, especially when it’s in the tens of millions range. Recently, I chatted with some active VC peers, and the number of investments in the past six months can literally be counted on one hand. RWA, as one of the few PMF tracks in Crypto right now, is inevitably heading toward the next phase: integrating with DeFi for “yield financialization.” TownSquare plans to incorporate stablecoins (USD1), on-chain gold, BTC (cbBTC), and other underlying assets into a unified yield framework, driving USD1 as an institutional-grade yield product and distribution within the World Liberty Financial ecosystem. Bull market FOMO, bear market BUIDL!