[Tori Raises $50 Million in 7 Days Before Launch, Bringing Institutional-Grade Arbitrage Strategies On-Chain] BlockBeats News, July 28: Dutch crypto financial protocol Tori Finance announced that its institutional-grade delta-neutral yield product, strUSD, has completed a $50 million pre-launch funding cap in just 7 days. Tori stated that strUSD offers an annual percentage yield (APY) of approximately 12%, with returns derived from global arbitrage trading strategies long utilized by traditional financial institutions, rather than from crypto market capital circulation. This strategy involves borrowing in low-interest-rate currencies, investing in high-interest-rate markets, and using forex hedging to lock in USD-denominated returns, achieving yields with low correlation to crypto market cycles. Tori founder Samed Duzcay noted that such trades were previously accessible primarily to large institutions like pension funds and banks, typically requiring tens of millions of dollars in capital and involving complex processes such as local bank accounts, custody, tax, and compliance approvals. Tori leverages on-chain tokenization to make these institutional strategies accessible to regular users. Users can deposit USDC or USDT to acquire synthetic dollar assets (trUSD) and stake them to earn strUSD. These assets are based on the ERC-20 standard and can integrate with DeFi protocols such as Morpho, Pendle, and Curve, or be used as collateral for lending to further amplify returns. Tori stated that the protocol builds an on-chain balance sheet using zero-knowledge proofs and trusted execution environments, with real-time auditing of off-chain funds conducted by independent verification firm Accountable. Digital asset investment firm RockawayX serves as the risk manager and liquidity anchor. Additionally, Tori's smart contracts have been audited by Sherlock and Nethermind, with Hypernative providing 24/7 security monitoring. All contract upgrades are subject to a 24-hour delay mechanism. Tori emphasized that its goal is to bring the neutral yield strategies used by traditional financial institutions for decades into the on-chain financial ecosystem, promoting the integration of real yield with DeFi infrastructure. [Original Link]