The first on-chain RWA lending protocol, TProtocol, has launched on the mainnet and plans to conduct an IDO.

BlockBeats News, on September 17th, TProtocol, the first DeFi lending protocol dedicated to RWA, officially launched on the mainnet and introduced the first Matrixdock sovereign bond lending pool, which is expected to generate a return of approximately 5%. At the same time, the lending pool will issue loan certificate tokens USTP to represent the borrowing relationship with underlying assets. It is reported that TProtocol will cooperate with more than ten DeFi projects, and users can continue to interact with DeFi ecological projects using USTP, which is expected to generate additional returns of 10%-20%. It is understood that TProtocol is preparing for its IDO and will become the first project to issue coins in the RWA sovereign bond on-chain track. This news has received a lot of attention from the community members.