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TrueX - Seed
Overview
Funding Date
September 18, 2024
Financing amount
$9M
Valuation
--
Subcategory
About TrueX - Seed
TrueX has secured $9 million in seed funding from RRE Ventures, Reciprocal Ventures, Paxos, Accomplice Blockchain, Hack VC, Solana Foundation and Aptos.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 1994 | 7 | info@rre.com | ||
| Fund | United States of America | 2017 | 20 | -- | ||
| Corporate | -- | 2012 | 9 | -- | ||
| Fund | United States of America | 2006 | 22 | hello@accomplice.com | ||
| Fund | United States of America | 2017 | 75 | ed@hack-vc.com | ||
| Foundation | Switzerland | -- | 23 | -- | ||
| Lab | Unknown | -- | 27 | -- |
Founders & Team
Patrick McCreary
Vishal Gupta
Company Profile / Project Introduction
TrueX is a cutting-edge, non-custodial exchange for stablecoin trading, founded by Vishal Gupta, former head of markets at Coinbase, and Patrick McCreary, a former software engineer at the Nasdaq-listed crypto exchange, is the flagship product of True Markets. TrueX features a proprietary matching engine to efficiently match trading orders, secure segregation between execution of trades and asset custody, while promising seamless completion of transactions using stablecoins. Segregated execution means the exchange only facilitates trades. It does not control or hold the actual assets, which a regulated third-party custodian typically does.