The DeFi venture TrustToken, operated by TrueCoin LLC, is a stablecoin and TrueCurrency provider. Moreover, it offers a crypto lending model for stablecoins.
Clients can purchase stablecoins and their TrueCurrencies on their platform via bank transfer.
TrustToken currently offers five TrueCurrency tokens (TUSD, TGBP, TAUD, TCAD, THKD). They are fully backed by the currency used to purchase them at issuance, cash equivalents, short-term government securities, or liquid investments denominated in the same underlying currency.
The crypto lending product TrueFi enables collateral-free lending on-chain, maximizing capital efficiency for borrowers and earning rates for lenders.
TrustToken was founded in 2017. The team comes from Stanford, UC Berkeley, Airbnb, Goldman Sachs, PayPal, and Google, and the project is backed by a16z crypto, BlockTower Capital, Danhua Capital, Founders Fund Angel, GGV Capital, Jump Capital, Stanford-StartX among others.
The crypto investment scheme Invictus Capital partners with TrustToken to enable its clients the deposits via bank transfers.