True Markets, a remote provider of a non-custodial, stablecoin-native DeFi trading mobile app, raised $11M in Seed funding.
The round was co-led by Accomplice and RRE Ventures, with participation from Reciprocal Ventures, Variant, PayPal Ventures, Paxos Ventures, the Solana Foundation.
The company intends to use the funds to expand its platform to support a broader range of assets across both CeFi and DeFi ecosystems.
Founded by Vishal Gupta and Patrick McCreary, True Markets is a non-custodial, stablecoin-native DeFi trading mobile app available on Apple’s App Store. The app, which is launching exclusively on Solana, combines institutional-grade tools with an experience designed for retail users. It enables on-chain token trading by embedding stablecoin settlement at its core and separating execution from custody. As a non-custodial platform, it never holds client assets directly, eliminating a key risk vector and ensuring users retain full control of their funds at all times.
Alongside the raise, the company officially launched the True Markets app, a mobile-first, stablecoin-native DeFi trading experience now available on the Apple App Store. Over the coming months, True Markets will expand its platform to support a broader range of assets across both CeFi and DeFi ecosystems. It also plans to integrate TrueX, its own high-performance, institutional-grade centralized exchange, offering deeper liquidity, regulatory-grade compliance, and the safety of qualified custody, all within a seamless mobile experience
The raise brought its total funding to $20M.
FinSMEs
20/05/2025