[TVL Capital Raises $5 Million to Launch On-Chain Structured Products] According to The Block, former traditional finance structured derivatives trader Lars announced the co-founding of TVL Capital and the completion of a $5 million funding round to launch on-chain structured products called Chain-Traded Products (CTPs), positioned as the on-chain equivalent of ETPs. Lars, who previously priced alternative derivatives at BNP Paribas and Credit Suisse, stated that DeFi has yet to reconstruct tools comparable to traditional structured products. TVL aims to bring compliant, composable structured derivatives (institutional-grade yields and complex yield structures) on-chain. Initially, the project will partially rely on traditional financial infrastructure, with long-term plans to develop fully digital-native products.