Genuine markets, a new decentralized financing (Defi) trading platform focusing on stablecoin-native execution, launched its mobile app at Solana and closed a Serie A of $ 11 million, which brought the total funding to $ 20 million, the company said in a press release on Tuesday.

The financing round was co-led by an accomplice and ventures with the participation of mutual ventures, variant finds and PayPal Ventures.

Seed Investors Paxos Ventures and the Solana Foundation continue to support the company, real markets said.

Founded by Coinbase (Coin) and Cirkeleters Vishal Gupta And Patrick McCreary, New York-based genuine markets aim to provide a non-parenting authority, mobile-first defi trading experience for retail users, prioritization of speed, simplicity and transparency.

The app enables StableCOin-driven token trading on Solana with gas-free execution, routing of smart order and embedded key management via turnkey, all without users who surrender custody of funds, real markets said.

“Retailers have been firm with clumsy workflows, unclear pricing and fragmented liquidity,” said Vishal Gupta, CEO of True Markets, in release.

“Our goal is to deliver a more just and more transparent experience that makes Asset Discovery Simple, shows real -time momentum and feels as intuitive as the best apps on your phone,” added Gupta.

Supported by infrastructure partners’ turnkey and definitive, the real-time app, the app has a real-time clerical line, automated execution across decentralized venues and host of wallets that support immediate financing and trading within a non-varying framework.

True markets said it is planning to expand to both CEFI and Defi markets, with future integrations, including Truex, a centralized exchange designed for institutional liquidity and qualified custody.

Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.