Catenaa, Monday, April 21, 2025- Treehouse Finance, a decentralized finance startup focused on fixed-income products, has secured an undisclosed amount of funding at a $400 million token valuation. The round, structured as a Simple Agreement for Future Tokens (SAFT), closed in late 2024 and includes backing from major investors.
The latest funding round attracted key players, with a lead investor identified as the venture arm of a large life insurance firm managing over $500 billion in assets. Other participants include high-profile angel investors such as Guy Young of Ethena and Darius Sit of QCP Capital.
Founded in 2021 and based in Singapore, Treehouse aims to bridge the gap between traditional fixed-income markets and decentralized finance (DeFi). CEO Brandon Goh pointed to the $600 trillion fixed-income market, emphasizing the opportunity for DeFi to offer products like bonds with purpose-built infrastructure. The company’s core offerings include Decentralized Offered Rates (DOR), a decentralized benchmark rate system, and tAssets, yield-generating instruments like tETH, which launched in 2024.
Since launching tETH, Treehouse has attracted over 30,000 unique wallet holders and more than 120,000 ETH in deposits. The company plans to launch its DOR mainnet in June 2025 and is focused on expanding its product offerings to other base assets and chains. Treehouse also plans to establish an $10 million ecosystem fund to support adoption across DeFi and institutional channels.
The company is positioning itself as a leader in the DeFi fixed-income space, although Goh acknowledged that building trust and adoption for new benchmark rates and yield products will take time.
