Summary
- Justin Sun, founder of TRON (TRX), said he has made a strategic investment of $8 million in the DeFi project River.
- River said the investment is intended to support integration with the TRON ecosystem and the buildout of its chain-abstraction stablecoin infrastructure.
- River said it plans to launch Smart Vault and the institutional-grade Prime Vault to provide yield opportunities on core assets such as TRON tokens and stablecoins within the TRON ecosystem.
Justin Sun, founder of TRON (TRX), is investing $8 million in the DeFi project River.
River said via its official X account on the 21st (local time) that “Founder Sun has made a strategic investment of $8 million in River.” River explained that “this investment is intended to support integration with the TRON ecosystem and the buildout of River’s chain-abstraction stablecoin infrastructure.”
River plans to use the investment to strengthen compatibility with the TRON ecosystem. A River official said, “We plan to launch Smart Vault and the institutional-grade Prime Vault to provide yield opportunities on core assets such as TRON tokens and stablecoins within the TRON ecosystem,” adding, “This investment reinforces River’s role as core infrastructure for TRON, supporting the sustainability of large-scale on-chain activity.”
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
