Xitadel completes new funding round with participation from Solana co-founder Anatoly
Foresight News reports that the on-chain bond layer Xitadel has announced the completion of a new round of financing, with the specific amount undisclosed. Investors in this round include Solana Labs co-founder Anatoly Yakovenko, BONK core contributor Nom None, and Jupiter advisor Kash Dhanda, among others.
Xitadel stated that it will launch Liquidity Treasury Tokens (LTT), a type of over-collateralized, fixed-term, fixed-yield financial instrument backed by project governance tokens and supporting on-chain trading. Compared to traditional lending protocols or ve-token models, LTTs can be freely traded on AMMs, are backed 1:1 by locked assets, and offer a clear maturity date and deterministic returns. The product will first be issued within the Solana ecosystem and will utilize Wormhole and Chainlink technologies to enable cross-chain asset portfolio management.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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