True Markets, a new decentralized financing negotiation platform (DEFI) focused on the native execution of stablescoin, launched its mobile application on Solana and closed a series A of $ 11 million, on Tuesday of total funding at $ 20 million, the company said in a press release.
The financing tour was co-directed by accomplice and rre ventures, with the participation of reciprocal, variant funds and PayPal Ventures.
The Paxos Ventures seed investors and the Solana Foundation continue to support the company, said True Markets.
Founded by Coinbase (Coin) and Circle Veterans Veterans Vishal Gupta And Patrick McCreary, based in New York markets, aims to provide a trading in mobile trading and defirst for detail users, to prioritize speed, simplicity and transparency.
The application allows a token powered by Stablecoin exchange on Solana, with gas -free execution, a routing of intelligent orders and management of keys integrated via the turnkey, all without the users rendering funds, said real markets.
“Retail merchants have been trapped with clumsy workflows, unclear prices and fragmented liquidity,” said Vishal Gupta, CEO of True Markets, in the press release.
“Our goal is to provide a fairer and more transparent experience that makes the discovery of simple assets, shows a real -time market amount and feels intuitive as the best applications on your phone,” added GUPTA.
Supported by Infrastructure Partners Turnkey and final, the application offers real -time market lines, automated execution in decentralized places and accommodated portfolios that take care of immediate funding and negotiation in a non -guardian framework.
The real markets declared that he planned to develop in the CEFI and Defi markets, with future integrations, in particular Truex, a centralized exchange designed for institutional liquidity and qualified guard.
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