TrustToken, the team responsible for building unsecured lending protocols and popular stablecoins including TrueUSD, has launched its first permission single borrower portfolio on TrueFi, designed specifically for Alameda Research. This portfolio will provide single borrowers up to $750 million in the first year alone. This largely helps drive the arbitrage and arbitrage strategy of the company.
With its single borrower portfolio, TrueFi continues to expand its institutional footprint across DeFi while adding diversified financing opportunities for TrueFi lenders. The first pool on TrueFi is Alameda Research portfolio which is open to lenders outside the US who have completed a Know Your Customer (KYC) audit, backed by TrustToken’s years of experience in legal and compliance advocacy as a global operator.
New pool types are being added from the launch. TrueFi’s first B2B portfolio It will allocate $25 million to business customers around the world. by partnering with delt.ai and launching TrueFi’s first protocol-to-protocol portfolio With the Perpetual Protocol expected to allocate $100 million to DEX liquidity, Single borrower portfolios will join TrueFi’s original stablecoin pools, which have allocated more than $1 billion to dozens of borrowers with a history of settlement. 100% return
“On-chain institutional lending is the most efficient source of liquidity for crypto companies,” said Rafael Cosman, CEO of TrustToken. Maximum efficiency, with every pool meeting the unique needs of a single borrower backed by their excellent operating track record. We expect a lot of interest from lenders for this launch. And we look forward to expanding our Single Borrower Portfolios to create multi-billion dollar loans this year.”
Sam Trabucco said, “The launch of our dedicated Alameda single borrower portfolio builds on our longstanding relationship with TrueFi, where we are proud to be the protocol’s first borrower. And there is an opportunity to take advantage of TrueFi’s liquidity,” said Sam Trabucco, CEO of Alameda Research.
With a total value of 1,200 percent locked in through 2021, Decentralized Financial Systems (DeFi) has established itself as an exciting frontier for forward-looking investors. As financial institutions continue to focus on digital assets, TrueFi is building a protocol for global lending. It serves as a bridge between asset managers, borrowers and lenders, with the task of bringing global credit to the chain with the benefit of speed. With global reach, expansive DeFi liquidity, cost reductions, and increased transparency from blockchain, TrueFi is expected to gradually conquer over $6 trillion in share of the international unsecured lending market.
About TrustToken
TrustToken is building a protocol for global lending, TrustToken’s TrueFi protocol offers unsecured lending. and unsecured credit scoring by allowing borrowers to use their funds in the most efficient way at a competitive rate While offering lenders the broadest portfolio of financial products in DeFi, TrueFi has completed more than $1 billion in borrowings with perfect repayments.
TrueCurrencies The company is the world’s first independently-verified stablecoin, traded on leading exchanges such as Binance, Huobi and OKEx, generating billions in trading volumes per month. Lowest transaction costs of any stablecoin, easy exchange from fiat currencies and customer service.
Start using TrueFi at https://truefi.io Or learn more about TrustToken products at https://trusttoken.com
About Alameda Research Ltd:
Alameda Research is a leading trading company that uses its in-house developed technology and team’s deep crypto expertise to trade thousands of digital asset products: both major coins and all altcoins, as well as derivatives. The company’s daily trading volume is over $1 billion.
For more information, please visit: https://www.alameda-research.com/
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