TrustToken Raises $20 Million USD in Strategic Round

Gareth Jones

June 29, 2018

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Gareth Jones

Trust Token's token sale was backed by a16z crypto, BlockTower Capital, Danhua Capital, Distributed Global, GGV Capital, Jump Capital, Signia Venture Partners, Slow Ventures, ZhenFund. TrustToken’s first product, TrueUSD, is a stablecoin that is redeemable 1-for-1 for U.S. dollars.

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TrustToken CEO Danny An said: “The support of these leading investment firms represents a significant step towards our goal to build a compliant tokenization platform for currencies, commodities, and real-world assets. We will draw on the combined expertise and network of these firms as we grow our industry partnerships and extend the reach of our first product, TrueUSD.” BlockTower Capital is a cryptocurrency investment firm that brings professional trading and portfolio management to the emerging digital asset class.

https://blog.trusttoken.com/trusttoken-raises-20-million-usd-in-strategic-round-88912d1dbc71