What does True Markets do?
True Markets is a non-custodial, stablecoin-native DeFi trading mobile app that combines institutional-grade tools with a retail-friendly experience. The platform enables on-chain token trading with embedded stablecoin settlement, ensuring users retain full control of their funds by eliminating the risk of custodial asset holding.
How much did they raise?
The company raised $11M in a Seed funding round co-led by Accomplice and RRE Ventures, with additional participation from Reciprocal Ventures, Variant, PayPal Ventures, Paxos Ventures, and the Solana Foundation. This funding round brings True Markets' total funding to $20M.
What are their plans for the money?
True Markets plans to use the funds to expand its platform, allowing it to support a broader range of assets across both centralized (CeFi) and decentralized (DeFi) ecosystems. Additionally, the company aims to integrate its high-performance, institutional-grade centralized exchange, TrueX, which will enhance liquidity, regulatory compliance, and custody safety within a seamless mobile experience.
What have they achieved so far?
The company has already launched the True Markets app exclusively on the Apple App Store, marking a significant milestone in its mission to deliver a secure and innovative DeFi trading experience.
