Quick take:
- The company offers a DeFi trading platform focused on stablecoin-native execution.
- The Series A round brings the total raised to $20 million according to a press release on Tuesday.
- True Markets’ main aim is to build a non-custodial mobile-first platform that delivers a fast, simple and transparent trading experience to retail users.
True Markets, a mobile-first decentralised finance (DeFi) trading app, has launched with an $11 million Series A round co-led by Accomplice and PRE Ventures. The fundraising also attracted participation from Reciprocal Ventures, Variant Fund and PayPal Ventures.
The fundraising brings the total raised to $20 million. True Markets said in the press release on Tuesday that seed investors Paxos Ventures and the Solana Foundation, continue to support the company.
Built on the Solana blockchain by Coinbase (COIN) and Circle veterans Vishal Gupta and Patrick McCreary, True Markets offers a DeFi trading platform focused on stablecoin-native execution.
The company aims to build a non-custodial mobile-first platform that delivers a fast, simple and transparent trading experience to retail users.
“We built True Markets to evolve beyond the current state of both traditional and crypto finance,” said Vishal Gupta, Co-Founder and CEO of True Markets. “Retail traders have been stuck with clunky workflows, unclear pricing, and fragmented liquidity. Our goal is to deliver a fairer and more transparent experience that makes asset discovery simple, shows real-time market momentum, and feels as intuitive as the best apps on your phone.”
Gupta argues that True Markets’ stablecoin-native settlement system gives users more options on how they onramp and trade, whilst guaranteeing that users maintain custody of their assets at all times.
“[This creates] a safer, more trustworthy system. It’s about giving users more control, more access, and less risk,” he said.
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