True Markets Raises $11M Series A, Launches Mobile-First DeFi Trading App on Solana

True Markets, a brand new decentralized finance (DeFi) buying and selling platform centered on stablecoin-native execution, has launched its cellular app on Solana and closed an $11 million Series A, bringing whole funding to $20 million, the corporate stated in a press launch Tuesday.

The funding spherical was co-led by Accomplice and RRE Ventures, with participation from Reciprocal Ventures, Variant Fund, and PayPal Ventures.

Seed buyers Paxos Ventures and the Solana Foundation, proceed to help the agency, True Markets stated.

Founded by Coinbase (COIN) and Circle veterans Vishal Gupta and Patrick McCreary, New York-based True Markets goals to ship a non-custodial, mobile-first DeFi buying and selling expertise for retail customers, prioritizing velocity, simplicity, and transparency.

The app allows stablecoin-powered token buying and selling on Solana, with gasless execution, good order routing, and embedded key administration by way of Turnkey, all with out customers surrendering custody of funds, True Markets stated.

“Retail merchants have been caught with clunky workflows, unclear pricing, and fragmented liquidity,” said Vishal Gupta, CEO of True Markets, in the release.

“Our objective is to ship a fairer and extra clear expertise that makes asset discovery easy, reveals real-time market momentum, and feels as intuitive as the very best apps on your telephone,” Gupta added.

Backed by infrastructure partners Turnkey and Definitive, the app features real-time market sparklines, automated execution across decentralized venues, and hosted wallets that support immediate funding and trading within a non-custodial framework.

True Markets said it plans to expand into both CeFi and DeFi markets, with future integrations including TrueX, a centralized exchange designed for institutional liquidity and qualified custody.

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