BeInCrypto –
Decentralized finance (DeFi) lending and stablecoin platform TrustToken has secured a large seed round backed by big names in venture capital investing.
The platform behind the TrueFi DeFi lending protocol has raised $12.5 million in a funding round led by Blocktower Capital, Andreessen Horowitz (a16z), and Alameda Research.
The VC firms purchased the protocol’s native tokens, TRU, under lockup according to the announcement. CEO and co-founder, Rafael Cosman, stated:
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