Blockchain-based digital tokens for real world assets
TrustToken is developing a blockchain-based platform to create asset-backed tokens that users can easily buy and sell around the world. For example, users can create gold-backed tokens or dollar to dollar tokens. One of its notable pegged tokens is the TrueUSD, a stable coin that is pegged to 1 USD for each token. The token is supported by many exchanges including but not limited to Binance, Bithumb, and so on.
The company was founded in 2017. The TrustToken team consisted of entrepreneurs and developers that graduated or worked at Stanford, UC Berkeley, Airbnb, Goldman Sachs, PayPal, and Google. The project is backed by major investors including but not limited to a16z crypto, BlockTower Capital, Danhua Capital, Founders Fund Angel, GGV Capital, Jump Capital, Stanford-StartX, and others.