A group of Coinbase alumni has secured an $11 million funding round to launch True Markets, a stablecoin-native decentralized finance (DeFi) application designed to offer real-time execution and self-custody capabilities on the Solana blockchain.
True Markets, a newly launched mobile-oriented non-custodial venture founded by former Coinbase executives Vishal Gupta and Patrick McCreary, has secured $11 million in funding to develop its stablecoin-native, mobile-first DeFi application for iPhones. With this latest round, True Markets has raised a total of $20 million and is building its platform on Solana to enable faster and more secure cryptocurrency trading.
A press release shared with Crypto stated that Accomplice and RRE Ventures co-led the funding round, while Reciprocal Ventures, Variant Fund, and PayPal Ventures also contributed support.
Former Coinbase executives Vishal Gupta, the former head of exchange, and Patrick McCreary, a former senior engineering leader, founded True Markets. To begin with, they designed the platform to enable on-chain token trading through stablecoin settlement within a non-custodial framework. At launch, support is provided for leading Solana-native assets. Looking ahead, the team has plans to expand into centralized finance markets, signaling broader ambitions for the platform’s evolution.
Retail traders have been stuck with clunky workflows, unclear pricing, and fragmented liquidity. Our goal is to deliver a fairer and more transparent experience that makes asset discovery simple, shows real-time market momentum, and feels as intuitive as the best apps on your phone.
Vishal Gupta:
According to the press release, the platform features real-time market sparklines, hosted wallets backed by Turnkey, and smart order routing technology powered by Definitive. With the newly secured funding, True Markets plans to integrate TrueX—its proprietary institutional-grade centralized exchange—to enhance liquidity within the mobile trading experience.
 application designed to offer real-time execution and self-custody capabilities on the Solana blockchain.){kind=link}