[PRESS RELEASE – Singapore, Singapore, August 27th, 2026]
TermMax, a fixed-rate lending protocol constructed by Time period Construction Labs, introduced on August 26 that it has obtained a strategic funding from YZi Labs. Phrases weren’t disclosed.
TermMax was chosen for YZi Labs’ EASY Residency Season 3 and has raised greater than $8 million thus far. Its earlier backers embody Cumberland DRW — which led the 2023 seed spherical — HashKey Capital, Decima Fund, Longling Capital and MZ Web3 Fund.
The protocol has been dwell on mainnet since April 2025 and now runs throughout 10 EVM-compatible chains, with 60 fixed-rate markets, 40 technique vaults, tens of hundreds of thousands of {dollars} in whole worth locked and greater than 1.5 million registered wallets. Keyrock, Hardcore Labs, Edge Capital and Origami function Curators, managing technique vaults on the protocol. The $TMX token accomplished its TGE on August 25.
The investor’s personal public place factors to the hole this funding is supposed to fill. In an August 14 put up describing what it needs to see constructed, YZi Labs wrote that tokenized blue-chip equities have reached significant quantity, however that the monetary utility layer round them — credit score, collateral administration, threat switch and structured merchandise — stays underdeveloped, and that choices and different risk-transfer merchandise particularly stay conspicuously absent.
YZi Labs positioned this funding exactly the place that hole sits.
“Once I left banking, there have been a number of hundred billion {dollars} of belongings sitting on-chain with no single immediately observable rate of interest curve between them. In conventional markets, that might be unparalleled. That’s what made me determine to construct this infrastructure on-chain.” – Jerry Li, Co-founder and CEO, TermMax.
Tokenized equities are the fastest-growing asset class on-chain, now at $2.48 billion, with holder depend up 165% in 30 days.
TermMax built-in Ondo International Markets in January 2026 to launch the primary fixed-rate borrowing market to simply accept tokenized U.S. equities as collateral, then added Binance’s bStock. In August it went dwell on Robinhood Chain, the place QQQ, SPY and NVDA could be posted in opposition to USDG.
However financing is simply half of what tokenized equities want. Almost all of this 12 months’s tokenized-equity infrastructure has gone into perpetual futures, and nearly none into choices.
TermMax Alpha is the place that adjustments: bodily supply choices, with no liquidation earlier than expiry. The conversion worth is mounted when the place is opened, and the place is settled by bodily supply at expiry. A directionally appropriate place subsequently can’t be knocked out by a couple of minutes of risky buying and selling in skinny liquidity — the failure mode that makes perpetuals unsuitable on the illiquid finish of tokenized equities.
This no-liquidation design rests on a alternative working via the entire protocol: when liquidation does occur, it settles by bodily supply, with collateral delivered on to the lender relatively than bought into the market. The standard assumption — that collateral could be bought at honest worth on demand — holds for ETH and fails for a tokenized fairness with a number of million {dollars} of depth.
On the institutional facet, TermPrime accomplished its first dwell commerce on Canton Community on the finish of June and has since grown its counterparty community to 9 establishments.
TermMax runs an early validator node on Canton, and TermPrime is able to assist lending enterprise for establishments there via open markets.
TermMax holds a DeFiSafety Course of High quality Evaluation rating of 93%, matching Aave V3.
“What we got down to do is to not educate conventional establishments DeFi. It’s to let DeFi develop into one thing skilled sufficient to genuinely serve finance.” – Jerry Li, Co-founder and CEO, TermMax.
What TermMax needs to be shouldn’t be one other lending protocol, however the on-chain rate of interest curve itself.
About TermMax
TermMax is a fixed-rate, fixed-term borrowing and lending market constructed by Time period Construction Labs, dwell on mainnet since April 2025 and deployed throughout 10 EVM-compatible chains, the place it runs 60 fixed-rate markets and 40 technique vaults. The protocol splits debt into three tradable tokens: FT (principal), XT (curiosity and choice worth) and GT (an ERC-721 receipt for leveraged positions). Skilled Curators set goal APR ranges throughout remoted markets and handle technique vaults, and liquidations settle by bodily supply of collateral. Co-founder and CEO Jerry Li has 25 years in international monetary markets and served as Managing Director at Deutsche Financial institution, working mounted earnings and FX for Better China.
Web site: https://ts.finance/
About YZi Labs
YZi Labs manages over $10 billion in belongings globally. Our funding philosophy emphasizes affect first — we consider that significant returns will naturally comply with. We spend money on ventures at each stage, prioritizing these with strong fundamentals in Web3, AI, and biotech. YZi Labs’ portfolio covers over 300 initiatives from over 25 international locations throughout six continents. Some notable portfolios embody Belief Pockets, CoinMarketCap, Polygon, Injective, Ethena, SafePal Pockets, Higher Fee Community, Aster, XAI, and extra. Greater than 65 of YZi Labs’ portfolio firms have gone via our incubation program, EASY Residency. For extra data, comply with YZi Labs on X (@yzilabs).
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