True Markets Launches Mobile DeFi Trading App on Solana After $11M Funding
True Markets has launched a mobile app on Solana, focusing on stablecoin-native trading. The platform secured $11 million in Series A funding, raising total funding to $20 million.
- Funding co-led by Accomplice and RRE Ventures, with additional support from Reciprocal Ventures, Variant Fund, and PayPal Ventures.
- Seed investors include Paxos Ventures and the Solana Foundation.
- Founded by Coinbase and Circle veterans Vishal Gupta and Patrick McCreary.
- The app offers non-custodial, mobile-first trading, emphasizing speed and transparency.
- It supports gasless token trading, smart order routing, and key management without fund custody.
- Future plans include expansions into CeFi and DeFi markets, with a centralized exchange called TrueX for institutional liquidity.
True Markets aims to enhance the retail trading experience by simplifying workflows and improving market visibility.