Several large venture capital firms, among which was marked by Andreessen Horowitz (a16z), BlockTower Capital and Danhua Capital, invested $20 million platform for tokenization of real assets TrustToken.
Raised during the strategic licensee funds will be used for the continued development of the platform and extension units, which are working with products, technological, and legal issues.
According to the head of the project TrustToken Danny ena (Danny’an), support these large companies need to show significant promotion of its company, and their experience and infrastructure will be the basis for distribution of the first product platform – token TrueUSD.
Recall that the “stable” token TrueUSD was released by TrustToken in March this year to compete licenzirovanie $ USDT, the Issuer of which is non-transparent activities. In may, cryptocurrency exchange Binance said about adding TrueUSD (TUSD) in the listing.