TrustToken Revenue and Competitors

Location

$34.2M

Total Funding

Fintech

Industry

Estimated Revenue & Valuation

  • TrustToken's estimated annual revenue is currently $1.7M per year.(i)
  • TrustToken received $20.0M in venture funding in June 2018.
  • TrustToken's estimated revenue per employee is $65,000
  • TrustToken's total funding is $34.2M.

Employee Data

  • TrustToken has 26 Employees.(i)
  • TrustToken grew their employee count by -45% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$52.5M32328%N/AN/A
#2
$12M16853%N/AN/A
#3
$8.2M4214%N/AN/A
#4
$6.6M56-15%N/AN/A
Add Company

TrustToken is a platform to create asset-backed tokens that you can easily buy and sell around the world. For example, gold to gold tokens or dollar to dollar tokens. The company's first asset token is TrueUSD, a stablecoin that you can redeem 1-for-1 for US dollars. TrustToken was founded in 2017 and consists of a team from Stanford, UC Berkeley, Airbnb, Goldman Sachs, PayPal, and Google, and is backed by a16z crypto, BlockTower Capital, Danhua Capital, Founders Fund Angel, GGV Capital, Jump Capital, Stanford-StartX, and others. For more information about TrustToken and its TrueUSD product, visit http://www.trusttoken.com.

keywords:E-Commerce, Finance, Bitcoin, Cryptocurrency, Blockchains, Ethical Fashion, Blockchain / Cryptocurrency

$34.2M

Total Funding

26

Number of Employees

$1.7M

Revenue (est)

-45%

Employee Growth %

N/A

Valuation

N/A

Accelerator

TrustToken News

2022-04-17 - Asset Tokenization Platforms Market Investment Analysis ...

... BrickBlock, Securitize, SETL, Symbiont, Templum, Proof Suite, OpenLaw, TokenSoft, TrustToken, Tzero Group, Utocat, Zen Protocol.

2022-04-17 - Uncollateralized Lending Platform Truefi Reveals $100 Million ...

Trusttoken CEO Expects More Financial Institutions to 'Bring Their Books of Business On-Chain'. Rafael Cosman, the CEO of Trusttoken explained...

2022-04-13 - What Is the Best Stablecoin? 7 to Pick From

TrustToken doesn't charge any trading fees on its TUSD coins, which is enticing to many investors, but TrustToken isn't fully decentralized and...

2021-08-05 - TrustToken Raises $12.5 Million, Andreessen Horowitz Among Backers

TrustToken, creators of TUSD, has raised a $12.5 million round of funding to scale TrueFi, its DeFi protocol for collateral-free loans which is powered by on-chain credit scores. The strategic funding round is led by Blocktower with participation from Andreessen Horowitz (a16z) and Alameda Resea ...

2019-08-22 - Fiat Withdrawals Available With TUSD and PAX

Crypto.com has recently entered a partnership with TrustToken and Paxos Standard for Crypto.com Chain, which will allow merchants to get ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$1.8M26-7%$24.3M
#2
$2.6M26-28%N/A
#3
$3.3M26-26%$71.2M
#4
$1.9M26-38%$15.6M
#5
$1.8M260%$108.2M

TrustToken Funding

DateAmountRoundLead InvestorsReference
2018-06-19$20.0MUndisclosedArticle