Tori raises 50 million USD in the 7 days before launch, bringing institutional-grade arbitrage strategies on-chain

ChainCatcher reports that Dutch crypto finance protocol Tori Finance has announced its institutional-grade Delta neutral yield product, strUSD, reached its $50 million pre-deposit cap within just 7 days before official launch. Tori stated that strUSD offers an approximate 12% annualized yield, with returns coming from global interest rate arbitrage strategies long used by traditional financial institutions, rather than crypto market capital cycling. The strategy involves borrowing in low interest rate currencies and investing in high-yield markets, while using forex hedging to lock in dollar returns, achieving yields with low correlation to the crypto market cycle.

Tori founder Samed Duzcay explained that this type of strategy was previously mainly executed by large institutions such as pension funds and banks, typically requiring tens of millions of dollars in capital, alongside complex processes such as local bank accounts, custody, tax and compliance approvals. Through on-chain tokenization, Tori opens up these institutional strategies to regular users. Users can deposit USDC or USDT to receive synthetic dollar assets trUSD and stake to obtain strUSD. This asset is based on the ERC-20 standard and can be used with DeFi protocols like Morpho, Pendle, and Curve, and also serves as collateral for further leveraged returns.

Tori stated that the protocol uses zero-knowledge proofs and trusted execution environments to build on-chain balance sheets, with independent verifier Accountable conducting real-time audits of off-chain funds; digital asset investment firm RockawayX acts as risk manager and anchor liquidity provider. In addition, Tori's smart contracts have been audited by Sherlock and Nethermind, with Hypernative providing 24/7 security monitoring, and all contract upgrades set with a 24-hour time delay mechanism. Tori noted its goal is to bring these delta neutral strategies, used by traditional financial institutions for decades, on-chain, advancing the integration of real-world yields with DeFi infrastructure.