Fundz

True Markets raised $9 million in seed funding to launch TrueX, a stablecoin-native trading platform, with investment from RRE Ventures and others.

PRIVATESep 18, 2024

Amount Raised

$9 Million

Round Type

Seed

New YorkFinancial ServicesFintechBlockchainCryptocurrency

Investors

AptosSolana FoundationHack VCAccomplice BlockchainPaxosReciprocal VenturesRRE Ventures

Description

True Markets has launched TrueX, a stablecoin-native exchange, after securing $9 million in seed funding. The platform aims to offer innovative trading technology and liquidity services globally.

Quick answer

True Markets raised $9 Million in a Seed round, dated September 18, 2024. Investors: Aptos, Solana Foundation, Hack VC, Accomplice Blockchain, Paxos, Reciprocal Ventures and RRE Ventures. True Markets is based in New York, New York, United States.

How much did True Markets raise?
True Markets raised $9 Million in a Seed round on September 18, 2024.
Who invested in True Markets?
Aptos, Solana Foundation, Hack VC, Accomplice Blockchain, Paxos, Reciprocal Ventures and RRE Ventures are named as investors in this round.
What does True Markets do?
True Markets is a non-custodial, stablecoin-native DeFi trading mobile app available on Apple’s App Store.
Where is True Markets based and how big is it?
True Markets is based in New York, New York, United States. Fundz records about 7 employees.
Who are the decision-makers at True Markets?
Fundz holds 1 contact at True Markets. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Fintech around the same time

Companies in the same sectors as True Markets that raised within 45 days of this round, from Fundz verified event records.

  • Borderless.xyz raised $3M (Pre-Seed) on October 23, 2024.
  • Hermetica raised $1.7M (Seed) on October 16, 2024.
  • Yellow Network raised $10M (Seed) on September 17, 2024.
  • Stewards, Inc. raised an undisclosed amount on August 22, 2024.
  • Monark Markets raised $2.2M (Seed) on October 22, 2024.
  • Azura raised $6.9M (Seed) on October 22, 2024.

Who to call at True Markets, and when

A new round usually means True Markets is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day True Markets raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at True Markets, from your own LinkedIn network

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Company Information

Company

True Markets

Location

New York, New York, United States

About

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.

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True Markets raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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