a16z-backed TrueFi launches DeFi lending market for asset managers
Ali Yahya, a general partner at Andreessen Horowitz, told Cointelegraph that TrueFi will “bring the unique advantages of DeFi to a wider and global user base.” Stablecoin operator TrustToken has launched a new lending marketplace that allows asset managers to create their own decentralized finance products, potentially opening the door to wider mainstream adoption of DeFi solutions. The new lending marketplace, which is offered on unsecured lending protocol TrueFi, gives independent financial institutions the ability to design, launch and fund new investment products. Asset managers also....
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Truefi, an uncollateralized loan platform, has raised $12.5 million from three important investors. The token sale was led by Blocktower, a New York-based cryptocurrency investment firm. Other important investors were Alameda Research — owned by Sam Bankman-Fried, founder of FTX — and A16z. Truefi is one of the few uncollateralized defi-based lending protocols in the industry. Truefi Raises $12.5 Million Truefi has raised $12.5 million dollars to expand its operations and its offer of lending products. The investment was made through the purchase of its native token truefi....
TrueFi does not expect Blockwater Technologies' default to affect its stablecoin lending pools or capital market portfolios. On Oct. 10, unsecured lending protocol TrueFi issued a default notice to Blockwater Technologies for missing a scheduled payment related to its $3.4 million Binance USD (BUSD) loan, the first declared default on the platform to date. According to the company, the default does not impact lenders in its USD Coin (USDC), TrueUSD (TUSD) and Tether (USDT) stablecoin lending pools, "nor any of TrueFi’s capital market portfolios."As outlined in the statement, TrueFi had an....
Several projects have launched on Optimism this year with the goal of giving users instant transactions and lower gas fees. Unsecured lending protocol TrueFi has become the latest project to launch on Optimism, Ethereum’s popular layer-2 scaling solution, in a move that’s expected to boost demand from non-institutional lenders. By launching on Optimism, TrueFi’s lender community will have access to a faster and cheaper user experience, as well as gain exposure to a wider pool of retail lenders. “TrueFi users can now lend, borrow and launch portfolios on Optimism to enjoy dramatically....
The crypto firm Blockchain.com has revealed it has secured up to $100 million in liquidity from Truefi’s single-borrower pool. The pool will be initially capped at $100 million over the first year and Blockchain.com aims to use the funds to bolster its own “liquidity pools, leverage trading support, and book of lending services.”
Blockchain.com Leverages Truefi’s Single Borrower Pool
The leading digital asset services and exchange company Blockchain.com has announced it has secured $100 million in liquidity from the uncollateralized borrowing and....
Aleo will use the funds to support developers in building applications within its private and scalable platform. Zero-knowledge applications platform Aleo has raised $200 million in a solid investment round, pushing the company forward and supporting its goals to develop products and services that encourage and assist developers in building applications on top of its decentralized network.The Series B investment round was led by Kora Management LP and SoftBank Vision Fund 2, which invest in fintech projects within emerging digital economies. Samsung Ventures also participated in the raise....