YZi Labs Backs TermMax to Advance On-Chain Bond Market Infrastructure

Singapore, Singapore, August twenty seventh, 2026, Chainwire

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 reside 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 publish describing what it needs to see constructed, YZi Labs wrote that tokenized blue-chip equities have reached significant quantity, however that the monetary software layer round them — credit score, collateral administration, danger switch and structured merchandise — stays underdeveloped, and that choices and different risk-transfer merchandise specifically stay conspicuously absent.

YZi Labs positioned this funding exactly the place that hole sits.

“Once I left banking, there have been a couple of hundred billion {dollars} of belongings sitting on-chain and not using a single straight observable rate of interest curve between them. In conventional markets, that will be unprecedented. 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 World 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 reside on Robinhood Chain, the place QQQ, SPY and NVDA may be posted towards USDG.

However financing is barely half of what tokenized equities want. Almost all of this yr’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 fastened when the place is opened, and the place is settled by bodily supply at expiry. A directionally appropriate place due to this fact 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 operating via the entire protocol: when liquidation does occur, it settles by bodily supply, with collateral delivered on to the lender reasonably than offered into the market. The standard assumption — that collateral may be offered at truthful worth on demand — holds for ETH and fails for a tokenized fairness with a couple of million {dollars} of depth.

On the institutional facet, TermPrime accomplished its first reside 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 isn’t 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, reside 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 possibility 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 world monetary markets and served as Managing Director at Deutsche Financial institution, operating fastened earnings and FX for Higher China.

Web site: https://ts.finance/

About YZi Labs

YZi Labs manages over $10 billion in belongings globally. Our funding philosophy emphasizes impression 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 tasks 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 corporations have gone via our incubation program, EASY Residency. For extra data, comply with YZi Labs on X (@yzilabs).

Contact

TermMax Advertising and marketing Group[email protected]

About The Writer

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