Curated News
By: NewsRamp Editorial Staff
May 28, 2025
True Markets Secures $11M Series A to Revolutionize DeFi Trading
TLDR
- True Markets secures a competitive edge with $11M Series A funding, offering retail users a stablecoin-native DeFi trading experience on Solana.
- True Markets operates as a non-custodial platform on Solana, utilizing Turnkey's secure key infrastructure for low-cost, high-speed cryptocurrency trading.
- True Markets aims to democratize crypto finance with a transparent, intuitive app, making asset discovery and trading accessible to all retail users.
- Founded by ex-Coinbase executives, True Markets launches an innovative app for seamless DeFi trading, backed by $11M in Series A funding.
Impact - Why it Matters
This news is significant for retail traders and the broader cryptocurrency community as it introduces a more secure, transparent, and user-friendly trading platform. By leveraging Solana's blockchain and a non-custodial model, True Markets addresses key concerns in the DeFi space, such as security risks and fragmented liquidity. This development could lead to wider adoption of decentralized finance by making it more accessible and appealing to the average user, potentially shaping the future of crypto trading.
Summary
Cryptocurrency startup True Markets has successfully closed an $11 million Series A funding round, co-led by Boston-based Accomplice and New York-based RRE Ventures, with additional investments from Reciprocal Ventures, Variant, and PayPal Ventures. This funding round elevates the company's total raised capital to $20 million, with previous investments from Paxos Ventures and the Solana Foundation. The New York-based company also announced the launch of its True Markets app on Apple's App Store, offering a stablecoin-native DeFi trading experience exclusively on the Solana blockchain. The app is designed for retail users, emphasizing a non-custodial platform that enhances security by not holding client assets.
Founded by former Coinbase executives Vishal K. Gupta and Patrick McCreary, True Markets aims to revolutionize the trading experience by addressing common issues such as clunky workflows and fragmented liquidity. The platform supports Solana-native assets and utilizes Turnkey's secure key infrastructure to ensure a seamless and secure trading experience. With its innovative approach, True Markets is set to redefine the boundaries of decentralized finance, offering users a fairer, more transparent, and intuitive trading platform.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, True Markets Secures $11M Series A to Revolutionize DeFi Trading
