River launches Prime Vault with $250M institutional TVL whitelist applications now open

BlockBeats News, September 24th, according to official sources, River today announced the launch of Prime Vault, an institutional-grade yield product that has already accumulated $250M in deposits from institutions. Assets remain under custodian wallets while generating yield, ensuring risk-controlled exposure. The whitelist for institutional onboarding is open as of today.

River is the first chain-abstraction stablecoin system, designed to connect every asset to its opportunity. Built on its omni-CDP model, River enables users to deposit assets on one chain and mint satUSD on another.

On this foundation, River has introduced a dual product line: Smart Vault for retail users and Prime Vault for institutions.

$RIVER was launched as the first BuildKey TGE on Binance Wallet, attracting $100M BNB deposited within two hours and 993× oversubscribed.

On 2025-09-22, $RIVER began trading on Binance Alpha, delivering a 5,700% return for initial IDO participants. Latest figures: $2.70 price, $150M in 24-hour trading volume, and 29,000 holders.