True Markets, a new decentralized trading platform for Finance (Defi) aimed at Stablecoin-Native version, has launched his mobile app on Solana and closed a Serie A of $ 11 million, which brought the total financing to $ 20 million, the company said in a press release on Tuesday.
The financing round was also led by accessory and RRE companies, with the participation of mutual companies, Variant Fund and PayPal Ventures.
Seed Investors Paxos Ventures and the Solana Foundation continue to support the company, said True Markets.
Founded by Coinbase (Coin) and Circle veterans Vishal Guptandans Patrick McCreary, True Markets established in New York is intended to provide non-striking, mobile-first Defi-trading experience for retail users, give priority to speed, simplicity and transparency.
With the app, Stablecoin-driven token trade on Solana, with gasless version, smart order routering and embedded key management via Turnkey, all without users who surrender custody of funds, True Markets said.
“Retail traders are tied to clumsy workflows, unclear prices and fragmented liquidity,” says Vishal Gupta, CEO of True Markets, in the release.
“Our goal is to offer a fairer and more transparent experience that makes the discovery of assets easy, shows real -time market momentum and thus feels intuitive as the best apps on your phone,” Gupta added.
Supported by infrastructure partners Turnkey and definitive, the app contains real-time market sparklines, automated implementation at decentralized locations and hosted portfolios that support immediate financing and trade within a non-custodial framework.
True Markets said it is planning to extend to both CEFI and Defi markets, with future integrations, including Truex, a centralized exchange designed for institutional liquidity and qualified detention.
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