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True Markets raised $9 million in seed funding to launch TrueX, a stablecoin-native trading platform, with investment from RRE Ventures and others.

Sep 18, 2024•10 months ago

Amount Raised

$9 Million

Round Type

seed

New YorkCryptocurrencyBlockchain

Investors

AptosSolana FoundationHack VcAccomplice BlockchainPaxosReciprocal VenturesRre Ventures

Description

True Markets has launched TrueX, a stablecoin-native exchange, after securing $9 million in seed funding. The platform aims to offer innovative trading technology and liquidity services globally.

Company Information

Company

True Markets

Location

New York, New York, United States

About

True Markets is a non-custodial, stablecoin-native DeFi trading mobile app available on Apple’s App Store. The app, which is launching exclusively on Solana, combines institutional-grade tools with an experience designed for retail users. It enables on-chain token trading by embedding stablecoin settlement at its core and separating execution from custody. As a non-custodial platform, it never holds client assets directly, eliminating a key risk vector and ensuring users retain full control of their funds at all times.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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