Tori Finance Raises $50M in 7 Days for Institutional Arbitrage Product strUSD

Tori Finance secures $50M pre-deposit cap in one week for strUSD, offering ~12% APY via institutional delta-neutral arbitrage strategies accessible through on-chain tokenization.

Woofun AI reports that Dutch crypto finance protocol Tori Finance has completed a $50 million pre-deposit fundraising round for its institutional-grade Delta neutral yield product, strUSD, reaching the target cap within seven days prior to official launch. The product delivers an annualized yield of approximately 12%, derived from global arbitrage trading strategies traditionally employed by financial institutions, including borrowing in low-interest currencies and investing in high-interest markets with foreign exchange hedging to lock in dollar returns.

Founder Samed Duzcay noted that these strategies were previously restricted to large institutions like pension funds and banks due to high funding thresholds and complex compliance requirements. Tori democratizes access through on-chain tokenization, allowing users to deposit USDC or USDT to receive the synthetic dollar asset trUSD and stake it for strUSD. The ERC-20 compliant asset integrates with DeFi protocols such as Morpho, Pendle, and Curve, and can serve as lending collateral. Security measures include zero-knowledge proofs, trusted execution environments, real-time audits by Accountable, risk management by RockawayX, smart contract audits by Sherlock and Nethermind, and 24-hour delayed contract upgrades monitored by Hypernative.