TrueFi has introduced a new lending protocol that allows investors to take out crypto loans by pledging TrueFi's U.S. Treasury Bill tokens. This initiative marks a significant step towards integrating real-world assets (RWAs) into the crypto ecosystem. The proposal also outlines plans to expand the range of collateral to include other types of tokenized RWAs in the future. Following the announcement, the price of TrueFi's native token, TRU, experienced a 14% increase.

Investors will be able to take out crypto loans by pledging TrueFi's U.S. Treasury bill tokens, with plans to expand collateral to other types of tokenized RWAs, according to the proposal.

TrueFi Launches Lending Protocol for Tokenized Real-World Assets, TRU Price Surges 14%