After recently raising +$12.5 million, the world’s
leading collateral-free lending platform is joining forces
with a globally recognized team of Web3 engineers and
designers.

San Francisco, Sept 22, 2021 – (ACN
Newswire) – TrustToken, the team responsible for launching
TrueFi, the leading unsecured lending protocol, and maker of
popular stablecoins including TrueUSD, announces the
acquisition of EthWorks, a leading Web3 development company
with a deep portfolio of successful blockchain projects. The
acquisition doubles TrustToken’s team size, quadruples the
company’s technical talent, and brings in senior technical
and design leadership to take TrustToken’s mission to the
next level.

Recognized as one of the world’s top Web3
engineering firms, EthWorks has been a TrustToken partner
for over a year, and contributed to the development of many
of the most widely adopted Layer 1 blockchains and DeFi
protocols. EthWorks has worked with the Ethereum Foundation,
Bitcoin.org, Maker DAO, Polkadot, Dharma, and many more. The
EthWorks team will fully integrate into TrustToken’s staff
and join the technical, design, and operational roadmap
across all products and services, with a special focus on
scaling the TrueFi protocol.

In onboarding the
EthWorks team, the TrustToken team is growing to over 100
members and significantly expands the company’s engineering,
design, and cybersecurity capabilities. This new talent is
expected to substantially accelerate TrustToken’s
development schedule, user experience and protocol security
across the company’s various products and services.
TrustToken will also maintain and expand EthWorks’
open-source projects including Waffle and useDApp which are
used by Ethereum developers globally.

EthWorks’
industry-recognized engineering and design leadership join
TrustToken in senior positions, guiding the company’s
development and branding efforts. The senior leadership team
will see Marek Kirejczyk, Founder and CEO of EthWorks,
become Chief Technical Officer (CTO) of TrustToken.
EthWorks’ Head of Design, Natalia Kirejczyk, rises to become
TrustToken’s VP of Design, while EthWorks’ CTO Krzysztof
Jelski will become TrustToken’s VP of Engineering. With this
investment in senior talent, Poland is set to become
TrustToken’s primary engineering hub.

“As TrustToken
matures and expands, we need to make sure our products and
services are among the most robust, safe, and accessible in
the blockchain industry,” says Rafael Cosman, CEO of
TrustToken. “The acquisition of EthWorks and its world-class
team of engineers and designers is crucial for the future of
TrueFi, helping us scale the speed, security, and experience
of the protocol, while creating the greatest possible
opportunities for our lenders, borrowers, and token
holders.”

“We’re very excited to now be part of
TrustToken’s story,” says Marek Kirejczyk, Founder of
EthWorks. “TrueFi is the fastest growing uncollateralized
lending protocol in DeFi. Our joining forces creates an
unique opportunity to accelerate growth and create an
outstanding impact in the DeFi space – and soon, in the
world of institutional finance.”

About
TrustToken

TrustToken frees money. TrustToken’s TrueFi
platform, powered by the world’s first on-chain credit
model, brings uncollateralized lending to DeFi, offering
lenders competitive, transparent returns, and borrowers
maximum capital efficiency. TrueFi is host to +$1 billion in
total value locked, has originated over $500m in
collateral-free loans in less than a year, and enjoys a 100%
repayment rate across its dozens of vetted borrowers.
TrueFi’s governance token, TRU, is trading on top exchanges
like Coinbase, Binance, FTX, as well as DEXs like Uniswap
and Sushiswap.

TrustToken’s TrueCurrencies are the
world’s first on-chain, independently-verified, fully
collateralized stablecoins, generating billions in monthly
trade volume across +100 exchange and OTC partners.
TrueCurrency users enjoy lightning-fast transactions, the
lowest transaction costs of any stablecoin, easy exchange to
and from fiat currency, and obsessive customer
service.

Start using TrueFi at https://truefi.io,
or learn more about TrustToken products at https://trusttoken.com

About
EthWorks

EthWorks is a blockchain-oriented
smart-contract development shop with a full stack
engineering team utilizing high quality craftsmanship to
deliver high quality coding. The company has been involved
in the development of popular open-source projects including
Waffle and useDApp. EthWorks practices test driven
development, continuous delivery, rigorous code reviews, and
pair programming. Successful clients include Ethereum
Foundation, Polkadot, Dharma, and Status.

For more
information and to explore EthWorks services, visit https://ethworks.io/index.html

Source:
PlatoData
Intelligence

© Scoop Media

 

(Excerpt) Read more Here | 2021-09-22 11:05:00
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