A new milestone for digital asset infrastructure is here: Treehouse Labs has successfully closed a strategic funding round, valuing the company at US $400 million.

Led by the venture arm of one of the world’s largest life insurance and financial services firms – managing over $500 billion in assets, this round includes participation from a group of prominent investors across both traditional finance and crypto. Their support underscores the rising institutional conviction in fixed income markets for digital assets, and marks a major stride forward for Treehouse’s progress and vision of bringing stable, risk-adjusted returns to the world of digital assets.

This funding builds on our $18 million seed round, previously backed by leading investors such as Binance Labs, Lightspeed Venture Partners, Mirana Ventures, Jump Capital, GSR, Wintermute, Global Founders Capital, and senior executives from SoftBank Vision Fund, among others.

Pioneering Fixed Income Infrastructure in Digital Assets

As digital assets mature, fixed income is emerging as the next major narrative—offering predictable, risk-adjusted returns similar to what traditional markets have long provided. Institutions and sophisticated investors are seeking infrastructure to support structured yield strategies across both native crypto and real-world assets (RWAs).

At Treehouse, we’re building that infrastructure.

“Fixed income markets form the backbone of the global financial system, and we are dedicated to bringing the same foundation and infrastructure to digital assets,” said our CEO, Brandon Goh. “This funding enables us to scale our efforts and broaden the range of fixed income solutions available in digital assets.”

Strategic Investors Supporting Growth

Treehouse is proud to welcome an exceptional group of angel investors who each bring deep expertise across DeFi, trading, and infrastructure, including:

  • Jordi Alexander, Founder and CEO of Selini
  • Guy Young, Founder and CEO of Ethena
  • Darius Sit, Founder and CIO of QCP
  • Rich Teo, Co-Founder and CEO of Paxos
  • Matthew Tan, Founder and CEO of Etherscan
  • Michael Ashby, CEO of Algoquant, Former Head of Digital Assets at Point72
  • Mirko Schmiedl, Co-Founder and CEO of Staking Rewards
  • Jack Yang, Founder and CEO of LTP
  • Benedict Chan, Former CTO of BitGo, Head of Engineering at Chainlink
  • Key contributors from Lido, EtherFi, and other leading protocols

We’re honored to be joined by builders and operators who are shaping the future of crypto from the ground up.

Building the Future of Fixed Income in Digital Assets

With this capital, Treehouse will advance its suite of fixed income primitives and offerings, including Decentralized Offered Rates (DOR) and tAssets, starting with tETH. The funding will also be used to accelerate protocol development, adopt regulatory compliance, expand Treehouse’s global presence, and deepen collaborations with institutional partners across the digital assets ecosystem.

Since launching the Treehouse Protocol in September 2024, Treehouse has seen rapid adoption—surpassing 30,000 unique wallet holders, securing over 120,000 ETH in deposits, and repeatedly hitting vault caps. The company has also expanded tETH to Arbitrum, introduced the Treehouse Ethereum Staking Rate (TESR), the industry’s first transparent, consensus-driven daily benchmark for ETH staking, and became the first protocol recognized under the new DOR category on DeFiLlama.

The next phase of expansion includes bringing DOR to mainnet—an essential infrastructure layer establishing decentralized benchmark rates that underpin fixed income markets. In addition, Treehouse plans to expand tAssets to more base assets, L2s, and Proof-of-Stake (PoS) chains, roll out a Forward Rate Agreement (FRA) market, and enhance tETH’s performance through a multi-strategy approach. More information can be found in the roadmap here.

This is just the beginning. We’re grateful for the support of our investors, partners, and community as we continue building infrastructure for real yield, transparency, and institutional adoption in digital assets.

Let’s bring fixed income to DeFi—block by block.

About Treehouse Labs

Treehouse Labs is the parent company of Treehouse and TRHX. The firm builds products that provide infrastructure, data, and standards, enabling people to invest in digital assets with confidence and foresight. 

Established in 2021, Treehouse Labs spans five locations and offers extensive expertise in traditional finance, digital assets, and data. By setting new benchmarks and creating robust financial tools, Treehouse Labs aims to bridge the gap between traditional finance and digital assets.

About Treehouse

Treehouse, a digital assets infrastructure firm and the decentralized arm of the parent company Treehouse Labs, is at the forefront of revolutionizing the decentralized fixed income market. The Treehouse Protocol introduces innovative fixed income products and primitives, starting with tETH, a liquid staking token. tETH, Treehouse’s first tAsset, empowers its users to participate in the convergence of on-chain Ethereum interest rates while retaining the flexibility to engage in DeFi activities. 

Treehouse Protocol is also pioneering the Decentralized Offered Rates (DOR) consensus mechanism for benchmark rate setting, enabling a range of fixed income products and primitives into digital assets. Treehouse is dedicated to creating safer and more predictable return alternatives for both individual investors and institutions.