River completes $12 million strategic funding round

Foresight News reported that the chain abstraction stablecoin system River has completed a $12 million strategic funding round. In addition to previously reported investors Justin Sun and TRON DAO, this round also included Maelstrom Fund (founded by Arthur Hayes), The Spartan Group, as well as Nasdaq-listed companies and institutions from the United States and Europe.

This funding will be used to support River's expansion in both EVM and non-EVM ecosystems (including TRON, Sui, and major EVM networks), and to continue building on-chain liquidity infrastructure. The funds raised will accelerate ecosystem deployment, deepen stablecoin liquidity, and promote the integration of satUSD in trading, lending, staking, and yield scenarios. In addition, River will launch yield products Smart Vault and Prime Vault, providing users and institutions with a unified interface for cross-ecosystem yield access through protocol-native and institutional-grade strategies.