True Markets, the innovative decentralized finance (DeFi) trading platform focused on stablecoin-native execution, has officially launched its mobile app on the Solana blockchain. In addition, the company has closed an impressive $11 million Series A funding round, bringing its total funding to $20 million. This significant investment highlights strong support and confidence from top venture firms and industry leaders.
The recent funding round was co-led by Accomplice and RRE Ventures, with participation from Reciprocal Ventures, Variant Fund, and PayPal Ventures. Support also continues from seed investors Paxos Ventures and the Solana Foundation, underscoring broad industry backing.
Founded by seasoned veterans Vishal Gupta and Patrick McCreary—both with deep roots at Coinbase and Circle—True Markets is based in New York and is on a mission to reinvent retail DeFi trading. Their platform offers a non-custodial, mobile-first experience designed for speed, simplicity, and transparency. The app enables users to trade stablecoin-backed tokens seamlessly on Solana, featuring gasless execution, smart order routing, and embedded key management through Turnkey—all without users surrendering control of their funds.
Vishal Gupta, CEO of True Markets, emphasized the platform’s goal to improve user experience: “Retail traders have been stuck with clunky workflows, unclear pricing, and fragmented liquidity. Our aim is to create a fairer, more transparent experience that makes asset discovery straightforward, shows real-time market momentum, and is as intuitive as the top apps on your phone.”
Supported by infrastructure partners like Turnkey and Definitive, the app boasts real-time market sparklines, automated execution across multiple decentralized venues, and hosted wallets that support immediate funding and trading—all within a non-custodial framework.
Looking ahead, True Markets plans to expand into both centralized (CeFi) and decentralized (DeFi) markets. Future integrations include TrueX, a centralized exchange designed for institutional liquidity and qualified custody, further strengthening their ecosystem.
This exciting launch and funding milestone position True Markets as a rising player in the DeFi space, poised to deliver a more accessible, transparent, and efficient trading experience for retail users.
