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 an $11M Series A funding, enhancing its non-custodial DeFi platform for retail traders on Solana.
- True Markets operates as a non-custodial platform on Solana, using Turnkey's secure key infrastructure to offer low-cost, high-speed crypto trading.
- True Markets aims to democratize crypto trading with a transparent, intuitive app, making decentralized finance accessible and fair for retail users worldwide.
- Founded by ex-Coinbase executives, True Markets launches an innovative Solana-based app, merging security with simplicity for a seamless DeFi trading experience.
Impact - Why it Matters
This news is significant for both retail traders and the broader cryptocurrency ecosystem. True Markets' innovative approach to DeFi trading, focusing on user experience and security, addresses longstanding issues in the crypto space. By providing a platform that combines the simplicity of traditional finance apps with the benefits of decentralized finance, True Markets is paving the way for wider adoption of cryptocurrency trading. The involvement of high-profile investors and the use of Solana's blockchain technology underscore the potential for True Markets to become a key player in the evolving DeFi landscape.
Summary
Cryptocurrency startup True Markets has successfully closed an $11 million Series A funding round, co-led by prominent venture capital firms Accomplice and RRE Ventures, with additional support 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. Concurrently, True Markets launched its innovative 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 pain points 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 environment. With its focus on simplicity, transparency, and real-time market momentum, True Markets is set to redefine the standards of decentralized finance.
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
