The DeFi platform TRONBANK has received strategic investments from multiple institutions, with BlockX leading the round with $10 million

According to Chainwire, TRONBANK, an infrastructure provider for the TRON ecosystem, announced that it has secured strategic investments from five international institutions, with BlockX leading the round with $10 million. Other participating institutions include: Sky Venture Labs, K300 Ventures, Blockin.Ventures, and Onebit Ventures.

TronBank is a DeFi platform on the TRON blockchain that offers energy leasing, TRX staking, and on-chain yield services through secure and transparent smart contracts. TRONBANK is currently focusing on three main areas: energy leasing, TRX staking finance, and yield optimization mechanisms.