TrueFi, backed by a16z, launches DeFi lending marketplace
Stablecoin operator TrustToken has launched a new lending marketplace that allows asset managers to create their own decentralized financial products, increasing the potential for broader adoption of DeFi solutions.
The new lending marketplace offered through TrueFi's unsecured lending protocol (TRU) gives independent financial institutions the ability to develop, launch and fund new investment products. Asset managers also have access to TrueFi's pool of lenders and borrowers, as well as TrustToken's institutional offerings.
TrueFi is described as a "lending app store," but instead of developers launching apps, the protocol allows asset managers to launch new financial portfolios directly online.
