PANews reported on June 10th that, according to The Block, former traditional financial structured derivatives trader Lars announced the co-founding of TVL Capital and the completion of a $5 million funding round. The company will launch on-chain structured products (CTPs), positioned as on-chain equivalents of ETPs. Lars, who previously priced alternative derivatives at BNP Paribas and Credit Suisse, stated that DeFi has yet to reconstruct tools comparable to traditional structured products. TVL aims to bring compliant, composable structured derivatives (institutional-grade yields and complex yield structures) on-chain, initially relying on traditional financial infrastructure, with long-term plans to create fully digital-native products.