True Markets announced an $11 million Series A funding round, bringing total funding to $20 million. Co-led by Accomplice and RRE Ventures, with support from Reciprocal Ventures, Variant, PayPal Ventures, Paxos Ventures, and the Solana Foundation, True Markets has also officially launched its mobile-first, stablecoin-native DeFi trading app on the Apple App Store.
Innovative Stablecoin-Native DeFi Trading on Solana
Exclusively built on Solana, True Markets combines institutional-grade trading tools with a user-friendly experience tailored for retail users. The app enables fast, secure on-chain token trading by embedding stablecoin settlement at its core and separating execution from custody. As a non-custodial platform, True Markets never holds client assets, ensuring users maintain full control of their funds.
Founders’ Expertise and Team
Founded by crypto veterans Vishal Gupta and Patrick McCreary—both with leadership roles at Coinbase, Circle, and Goldman Sachs—True Markets benefits from deep experience in exchange architecture, stablecoin infrastructure, and user-centric product design. The team includes Coinbase and MoneyLion alumni, focused on delivering secure, transparent, and intuitive crypto tradingKey Features and Industry Partnerships
- Real-time Market Sparklines: Instantly visualize market momentum and price trends without complex charts.
- Seamless Custody: Ready-to-use hosted wallets powered by Turnkey’s secure key management ensure non-custodial control and easy transaction signing.
- Enhanced Execution: Powered by Definitive, the platform offers smart order routing and gasless trading for superior pricing and a smooth, fee-free experience.
Turnkey’s Bryce Ferguson highlights the platform’s security and ease of use, while Jai Prasad of Definitive emphasizes how True Markets brings professional-level execution to retail traders.
Future Growth and Expansion
True Markets plans to expand its asset coverage across both CeFi and DeFi markets and introduce TrueX, an institutional-grade centralized exchange delivering deeper liquidity, compliance, and qualified custody within the mobile app experience.
