Former TON Foundation Executive Launches Decentralized Crypto Asset Management Platform on Telegram

The decentralized asset management platform Affluent, formerly known as Factorial Finance, has undergone rebranding and introduced Strategy Vaults—a modular system for accessing institutional yield strategies via the Telegram interface. This was reported to ForkLog by the project’s founder and former TON Foundation development director, Justin Hen.

What is Affluent

The platform will enable income generation from crypto assets, including Bitcoin, tokenized gold, and real-world assets (RWA).

Affluent employs a modular system of Strategy Vaults—automated strategies managed by smart contracts with preset parameters. All changes in management policy undergo time-lock mechanisms.

“We combine professional asset management with automation through smart contracts. Strategies adapt to the market, and execution occurs without human intervention,” asserts Hen.

The project raised $1.8 million in a seed round from TVM Ventures, B-Harvest, Kiln, and several private investors.

Affluent Products

Among the platform’s initial products:

• TON Multiply Vault—looping LST (looping) to enhance staking yields with leverage up to 400%;
• USDT Multiply Vault—a delta-neutral strategy in stablecoins with automatic market risk hedging.

The Affluent team has also partnered with the BTCFi project Solv Protocol to launch Bitcoin-based products within the TON ecosystem.

As part of the collaboration, Affluent will add the xSolvBTC token with a built-in yield mechanism, Bitcoin-backed lending, and tgBTC.

Additionally, the platform has launched the Affluent Points program for early users. Points are awarded for various actions when using Strategy Vaults.

The team’s plans include:

• BTCFi-native credit vaults and liquidity markets;
• integration of tokenized gold and treasury bonds to create inflation-resistant portfolios;
• a global DeFi Simplified campaign to educate and attract users within the Telegram ecosystem.

Earlier in June, Tether announced the launch of XAUt0—an omnichain version of the gold-backed “stablecoin” XAUT. XAUt0 expands Tether Gold’s capabilities, allowing the token to move across different blockchains.