> For the complete documentation index, see [llms.txt](https://docs.townsq.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.townsq.xyz/introduction/overview.md).

# Overview

TownSquare is a decentralized RWA origination and curation protocol, powering private credits. Different from the protocols and platforms focusing on T-bills, money market funds that are easily accessible via public markets, TownSquare originates and curates private credits that are traditionally more closed and accessible via private equity firms. At its core, the stack provides asset audit, origination, and an integration pipeline that directly connects with RWA collateralization platforms for LP sourcing. The protocol does not manage assets as an asset manager.

The stack solves longstanding **accessibility** issues in private credits via onchain RWA solutions:

* RWA origination & audit: private credits that are non-publicly graded are passed via audits for valuation, loanable amounts, issuance cap, etc. via oour proprietary audit process, before tokenization.
* RWA collateralization: the curation process is achieved done via a collateralized borrow/lend via RWA collateralization partners, in the form of onchain private credit.
* RWA yield distribution: RWA yield from private credit is distributed to LP via TownSquare's yield distribution protocol onchain or in an offchain audited environment.

### Key functionalities

* **Tokenized Private Assets, originated by TownSquare**: assets from AI data centers, real estate, mining, renewable energy, gold vaults, tokenized onchian.
* **Tokenized Credit Yield**: Collateralized RWA and yield generated from LP lending, distributed to LP.
* **Institution-backed strategies and private yields:** trading strategies, private credit yields, proprietary yield sources are made accessible to retail on chains including BNBChain, Base, Monad and other performant chains.
* **Battle-tested curated yield vaults**: yield vaults on TownSquare can be customized for private credit lending-based, trading-based, and proprietary strategies, managed by institutional curators.