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TrueFi launches Lending Market to support independent asset managers, announces first FinTech partner delt.ai lending to LatAm businesses | by TrustToken | Feb, 2022

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TrueFi launches Lending Market to support independent asset managers, announces first FinTech partner delt.ai lending to LatAm businesses | by TrustToken | Feb, 2022

TrueFi’s newest protocol upgrade open-sources its financial infrastructure connecting Decentralized Finance (DeFi) with financial institutions, starting with B2B lending in the Latin American market through FinTech partner delt.ai

San Francisco, California, January 2022 — TrustToken, the core team responsible for building the leading unsecured lending protocol TrueFi, as well as popular stablecoins including TrueUSD, announces the launch of the TrueFi Lending Marketplace. TrueFi’s Lending Marketplace allows nearly any asset manager to launch financial products on TrueFi with global reach from day one. Asset managers can access TrueFi’s vast pool of lenders and borrowers, as well as TrustToken’s suite of services to help institutions participate in DeFi.

TrueFi welcomes delt,ai, a Mexico-based Y-Combinator startup building intelligent financial solutions for businesses in Mexico, as its first non-crypto financial partner to build on TrueFi. This first-of-a-kind partnership with delt.ai paves the way for more businesses beyond the blockchain industry to borrow and lend on the protocol. Since December, delt.ai has used TrueFi to originate millions of dollars of lending, generating competitive returns for TrueFi users. The partnership expects to see delt.ai use TrueFi to allocate up to $25 million into LatAm before the end of 2022.

Initially only serving crypto-native hedge funds, the TrueFi protocol now brings the speed, cost savings, and accessibility of blockchain technology to all types of lending. It opens DeFi for the institutional sector, while lowering the cost of doing business and growing the total accessible market for traditional funds.

TrueFi’s Lending Marketplace now invites independent financial institutions to design, launch, promote, and fund new investment opportunities to their own unique specifications using TrueFi, reaching TrueFi’s growing community of DeFi lenders. TrustToken will provide a suite of technical, financial, and operational services for asset managers building on TrueFi, allowing them to focus on acting as the most effective capital allocators.

“The future of finance and lending is on-chain,” says Rafael Cosman, CEO of TrustToken. “Using blockchain for credit makes institutional-grade loans more accessible, transparent, and secure. While TrueFi got started conservatively, serving crypto loans to crypto borrowers, the protocol can only become a trillion-dollar operation by expanding to serve all of global finance. The TrueFi Lending Marketplace is the protocol’s bid to do just that, and we’re proud to begin our journey with excellent asset managers like delt.ai. We’re letting them focus on what they do best — putting money to work — and letting TrustToken service their technical and operational needs.”

“By working with TrueFi, we have been able to efficiently secure funds that our clients depend on to grow,” says Jose de la Luz Lopez, co-founder and CEO of delt.ai. “We will continue moving in this direction, sourcing more loans effortlessly for businesses from the TrueFi community, offering investors the highest possible returns. We are excited and relieved that blockchain is revolutionizing B2B lending in Latin America and making it more inclusive.”

TrustToken is already onboarding nearly a dozen new asset managers, and is actively engaging with some of the most innovative FinTech and traditional finance businesses to launch new products on TrueFi. Interested parties are encouraged to contact TrustToken by email to get started today.

About TrustToken

TrustToken is building the protocol for global lending. TrustToken’s TrueFi platform brings uncollateralized lending and credit scoring on-chain, offering borrowers the highest possible capital efficiency at competitive rates, while offering lenders the broadest marketplace of financial products in DeFi. TrueFi has completed over $1B in loan originations with a perfect record of repayment, and has approximately $1B in total assets under management.

The company’s TrueCurrencies are the world’s first independently-verified, fully collateralized stablecoins, trading on top exchanges like Binance, Huobi, and OKEx, generating billions in monthly trade volume. TrueCurrency users enjoy lightning-fast transactions, the lowest transaction costs of any stablecoin, easy exchange to and from fiat currency, and obsessive customer service.

Start using TrueFi at https://truefi.io, or learn more about TrustToken products at https://trusttoken.com. For interested borrowers or asset managers looking to build financial products on TrueFi, please contact [email protected]

About Delt.ai

delt.ai is a startup based in Mexico City and offers an intelligent corporate credit and spend management solution. A Y Combinator company, delt.ai offers Mexican entrepreneurs better access to working capital through its intelligent credit lines, corporate credit cards, and digital payouts platform. For more information, visit delt.ai

For media inquiries, please contact Manuel Aguirre at [email protected]



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