True Markets, a new decentralized finance negotiation platform (DEFI) focused on the native execution of Stablcoin, has launched its mobile application in Solana and closed a $ 11 million series A series, which takes total funds to $ 20 million, the company said in a press release on Tuesday.
The round of funds was directed by accomplice and rre ventures, with the participation of reciprocal ventures, Variant Fund and Paypal Ventures.
Seed investors Paxos Ventures and the Solana Foundation continue to support the company, True Markets said.
Founded by Coinbase (Coin) and the veterans of the Vishal Gupta Circle And True Markets, based in Patrick McCeary, New York, aims to offer a non -custodial definition negotiation experience, mobile first for retail users, prioritize speed, simplicity and transparency.
The application allows token trade with stable in Solana, with gas without gas, intelligent order routing and integrated keys management through hand key, all without the users delivering the custody of funds, said True Markets.
“Retail merchants have been trapped with clumsy workflows, unclear prices and fragmented liquidity,” said Vishal Gupta, CEO of True Markets, in the statement.
“Our goal is to offer a more just and transparent experience that makes the discovery of assets simple, show market impulse in real time and feels as intuitive as the best applications of your phone,” Gupta added.
Backed by the infrastructure partners in hand and definitive, the application presents market lists in real time, automated execution in decentralized places and housed wallets that support immediate financing and trade within a non -custodial framework.
True Markets said it plans to expand to CEFI and DEFI markets, with future integrations that include Truex, a centralized exchange designed for institutional liquidity and qualified custody.
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