DeFi platform TRONBANK completes strategic investment, BlockX leads the round

ChainCatcher news, according to Chainwire, TRON ecosystem infrastructure provider TRONBANK has announced that it has secured strategic investments from five international institutions, with BlockX leading the round with $10 million. Other participating institutions include: Sky Venture Labs, K300 Ventures, Blockin.Ventures, and Onebit Ventures.

According to the introduction, TronBank is a DeFi platform on the TRON blockchain, providing energy leasing, TRX staking, and on-chain yield services through secure and transparent smart contracts. TRONBANK is currently focused on three main areas: energy leasing, TRX staking finance, and yield optimization mechanisms.