XSY Launches Digital Synthetic Dollar Unity ($UTY) on Avalanche Blockchain, Raises $5 Million in Funding to Advance DeFi Infrastructure

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3 hours ago

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May 15, 2025 — XSY.fi, a capital management platform streamlining access to advanced DeFi strategies, today announced the beta release of its flagship product, Unity ($UTY), on the Avalanche blockchain and the close of a $5 million Pre-Series A funding round. The round was led by Protagonist and Borderless Capital, with participation from Paper Ventures, Chainview Capital, Blizzard the Avalanche Fund, Sonic Boom Ventures, and other strategic investors.

“DeFi has made extraordinary technical progress, but accessing complex, high-performing strategies remains fragmented and operationally intensive,” said W. Sean Ford, CEO of XSY. “Avalanche provides the speed, scalability, and composability that sophisticated DeFi strategies like Unity demand — making it a natural foundation for our platform’s debut.”

Unity is a next-generation digital synthetic dollar engineered to unlock liquidity and capital efficiency within blockchain ecosystems. Constructed by pairing long spot holdings with short perpetual futures, Unity allows AVAX holders to maintain their existing AVAX exposure while accessing sustainable yield. Unity has already attracted over $20 million in commitments prior to beta release. Following the launch, XSY will kick off a limited-time points incentive program designed to reward early users and deepen ecosystem participation.

Unity strengthens Avalanche’s liquidity depth and fuels sustainable ecosystem growth by simplifying native capital deployment into complex DeFi strategies for treasuries, funds, and individuals. During beta release, the first DeFi yield strategy available to early users is the delta-neutral yield strategy.

“Our investment in XSY reflects a view that DeFi’s next generation will be won by platforms that can activate and deploy capital to work intelligently,” said George Bousis, Co-Founder and Managing Partner at Protagonist. “Unity is a fundamental building block for Avalanche’s next wave of real, on-chain economic growth.”

Avalanche’s high-performance infrastructure, fast finality, and deep native liquidity maintains that strategic capital deployed into Unity remains active, composable, and seamlessly integrated within the ecosystem from day one.

“We’re excited to welcome XSY to the Avalanche community.,” said John Nahas, Chief Business Officer at Ava Labs. “By delivering institutional-grade yield on Avalanche’s high-throughput, interoperable network, XSY.fi bridges DeFi and TradFi. Real-world financial infrastructure is being built on Avalanche with a focus on long term innovation.”

About XSY

XSY is a DeFi capital management platform unlocking access to operationally complex strategies for protocols, treasuries, and investors. Founded by industry veterans from Algorand, Paxos, and Floating Point Group, and backed by top-tier funds including Protagonist, Borderless Capital, and Blizzard the Avalanche Fund, XSY builds transparent, efficient, and scalable liquidity solutions for the decentralized economy.

About Avalanche

Avalanche is an ultra-fast, low-latency blockchain platform designed for builders who need high performance at scale. The network’s architecture allows for the creation of sovereign, efficient and fully interoperable public and private layer 1 (L1) blockchains which leverage the Avalanche Consensus Mechanism to achieve high throughput and near-instant transaction finality. The ease and speed of launching an L1, and the breadth of architectural customization choices, make Avalanche the perfect environment for a composable multi-chain future.

Supported by a global community of developers and validators, Avalanche offers a fast, low-cost environment for building decentralized applications (dApps). With its combination of speed, flexibility, and scalability, Avalanche is the platform of choice for innovators pushing the boundaries of blockchain technology.

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