Details

Last Funding Type

Initial Coin Offering

Last Funding Money Raised

$12.50M

Industries

Blockchain,Cryptocurrency,Finance,Financial Services,FinTech,Lending

Founded date

Nov 21, 2020

Number Of Employee

1 - 10

Operating Status

Active

Also Known As

TrueFi,TrustToken,TRU

TrueFi is a decentralized protocol for uncollateralized on-chain lending. The aim is for TrueFi to become the ultimate market-driven, automated credit rating and lending system, freeing money to move wherever it creates the most value instantly.

On TrueFi, lenders enjoy competitive rates and full transparency of how their assets are utilized. Meanwhile, borrowers get access to fast, fixed rate loans with no collateral requirements, all while building an on-chain credit history. The process of vetting borrowers for creditworthiness and approving new loans is in the hands of holders of TRU, the TrueFi platform token.

TrueFi was developed by TrustToken, the same team that launched and grew TUSD and four other leading stablecoins into asset-backed tokens trusted by many, attested live on-chain and now moving billions of dollars in monthly volume across +100 trading partners and 112 countries.