River completed a $12 million strategic round of financing, with participation from TRON DAO, Maelstrom Fund, The Spartan Group, and others

River announced the completion of a $12 million strategic round of financing. In addition to the previous $8 million investment from Justin Sun's TRON DAO, this round of investors also includes Arthur Hayes' Maelstrom Fund, The Spartan Group, as well as Nasdaq-listed companies and institutions from the United States and Europe.

This financing 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. It aims to accelerate ecosystem deployment, deepen stablecoin liquidity, and promote the integration of satUSD in trading, lending, staking, and yield scenarios. Additionally, 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.