BlockBeats News, September 24th, according to official sources, River officially announced the launch of the institutional-grade financial product Prime Vault, which has currently accumulated a total locked value of $250 million from institutions. The assets are now under yield management by a custodial wallet and institutional deposit applications are officially open today.
As the first Chain-Abstracted Stablecoin System, River aims to connect various ecosystems and users, redefining the interaction between assets and opportunities. Leveraging stablecoin infrastructure, the platform has launched one-click deposit yield products Smart Vault and Prime Vault. Reportedly, the $RIVER project token is the first project to launch through the Binance Wallet BuildKey TGE model, attracting $1 billion in deposits within 2 hours of launch, oversubscribed by 993 times. Since its listing on Binance Alpha on September 22nd, the latest trading price is $2.7, a 5,700% increase from the Binance IDO price, with a 24-hour trading volume of $150 million, covering 28,000 holder addresses.
