True Markets Launches Mobile App Targeting Stablecoin Trading on Solana, Closes $11M Series A

True Markets, a new decentralized finance (DeFi) trading platform focused on stablecoin-native execution, has launched its mobile app

True Markets, a new decentralized finance (DeFi) trading platform focused on stablecoin-native execution, has launched its mobile app on Solana and closed a $11 million Series A, bringing total funding to $20 million, the company announced Tuesday.

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

Seed investors Paxos Ventures and the Solana Foundation also continue to support the firm, True Markets said.

Founded by Coinbase (COIN) and Circle veterans Vishal Gupta and Patrick McCreary, New York-based True Markets aims to deliver a non-custodial, mobile-first DeFi trading experience for retail users, focusing on speed, simplicity, and transparency.

The app facilitates stablecoin-powered token trading on Solana, offering gasless execution, smart order routing, and embedded key management via Turnkey, all without users compromising custody of their funds, True Markets explained.

“Retail traders have been stuck with clunky workflows, unclear pricing, and fragmented liquidity. To trade on DeFi today is a stark contrast to the seamless experiences people have come to expect from their favorite mobile apps,” said Vishal Gupta, CEO of True Markets.

“Our goal is to deliver a fairer and more transparent experience that makes asset discovery simple, shows real-time market momentum, and feels as intuitive as the best apps on your phone.”

Supported by infrastructure partners Turnkey and Definitive, the app showcases real-time market sparklines, automated execution across decentralized venues, and hosted wallets that facilitate immediate funding and trading within a non-custodial structure.

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