Lowenstein Represents True Markets in $11M Series A Funding Round

Lowenstein Sandler represented True Markets Ltd., a stablecoin-native and non-custodial DeFi trading mobile app, in a $11 million Series A funding round, bringing the company's total funding to $20 million. The round was co-led by Accomplice and RRE Ventures, with participation from Reciprocal Ventures, Variant, and PayPal Ventures, as well as seed investors Paxos Ventures and Solana Foundation.

True Markets has officially launched its True app, which operates exclusively with blockchain platform Solana. The app enables users to discover and trade top cryptocurrencies with a focus on superior execution, transparent pricing, and secure access.

True Markets intends to expand its platform to support a greater range of assets across CeFi and DeFi ecosystems, as well as integrate its TrueX platform into the mobile app.

The Lowenstein team included Eric Weiner, Ethan L. Silver, Sophia Mokotoff, Sara Uz, Trevor A. Levine, Nathan Shultz, and Dylan Blanchard.