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Based in San Francisco, California, Archblock is a blockchain technology company that develops decentralized finance infrastructure and real-world asset tokenization solutions for institutional investors. The firm is best known for creating the TrueFi uncollateralized lending protocol, a decentralized platform which has successfully originated over $1.7 billion in cryptocurrency loans since its inception. Archblock also originally developed the TrueUSD stablecoin before fully transferring its operational management and intellectual property to the Asia-based investment consortium Techteryx. Backed by early venture capital investors such as Andreessen Horowitz, the company currently focuses on bridging institutional capital to blockchain networks by offering tokenized United States Treasury bills and comprehensive digital fund management tools. Originally established as TrustToken in 2017, the organization was founded by Rafael Cosman, Danny An, Stephen Kade, and Tory Reiss before officially rebranding to Archblock in 2022.
Archblock has raised $13.0M across 1 funding round.
Key people at Archblock.
Archblock was founded in 2017 by Rafael Cosman (Co-Founder & CEO).
Archblock has raised $13.0M in total across 1 funding round.
Archblock was founded in 2017 by Rafael Cosman (Co-Founder & CEO).
Archblock has raised $13.0M in total across 1 funding round.
Archblock's investors include Andreessen Horowitz.
Key people at Archblock.
Archblock has raised $13.0M across 1 funding round. Most recently, it raised $13.0M Series U in August 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 1, 2021 | $13M Series U | — | Andreessen Horowitz | Announced |
Archblock is a San Francisco-based blockchain technology company that builds infrastructure to bridge institutional capital to Decentralized Finance (DeFi), offering a marketplace for on-chain investment opportunities and tools for stablecoin issuance.[1][2][3] It serves asset managers, institutional lenders, fund managers, stablecoin issuers, and DAOs by enabling efficient on-chain lending, fundraising, portfolio management, and access to global liquidity.[1][2][3] Formerly known as TrustToken, Archblock solves the problem of manual processes in traditional finance by automating them on blockchain, providing cost efficiency, secondary trading of fund interests, and democratized access to alternative assets like over-collateralized loans.[1][3] Founded in 2017, it has raised $20M in Seed VC funding and powers protocols like TrueFi, which has originated nearly $2B in loans since 2020, showing steady growth in the DeFi space.[1][2]
Archblock was founded in 2017 in San Francisco as TrustToken, initially focusing on blockchain engineering services before evolving into a DeFi infrastructure provider.[1] The company rebranded to Archblock to emphasize its mission of moving institutions onto modern financial rails, with headquarters at 248 Cumberland Street.[1][2] Key details on specific founders are not detailed in available sources, but the team embodies values like "Seek Truth," "Renaissance Ambition," and "Get Stuff Done," supporting a global, distributed workforce with benefits like learning budgets and wellness reimbursements.[4] Early traction came from pioneering stablecoin issuance and on-chain marketplaces, culminating in $20M Seed VC raised about seven years ago, positioning it as a seed-stage company still active in institutional DeFi.[1]
Archblock stands out in the blockchain space through specialized products and services tailored for institutional DeFi adoption:
Archblock rides the DeFi institutionalization trend, capitalizing on the shift from centralized finance to on-chain alternatives amid rising demand for yield in digital assets.[1][3] Its timing aligns with post-2020 DeFi growth, where protocols like TrueFi demonstrate scalable lending, addressing market forces like regulatory clarity for stablecoins and blockchain's efficiency over legacy systems.[1][2] By enabling fund managers to bring lending books on-chain, Archblock influences the ecosystem through democratized access to alternatives, reducing volatility in portfolios and fostering secondary markets—key as institutions seek excess returns beyond public markets.[3] Competitors like Maple Finance and 2ND Market highlight a crowded but opportunity-rich space, where Archblock's institutional focus and engineering depth amplify its role in global trade and liquidity.[1]
Archblock is poised to expand its marketplace and stablecoin offerings as DeFi matures, potentially scaling TrueFi-like protocols amid trends like tokenized real-world assets and regulatory tailwinds for institutional on-chain finance. Evolving regulatory frameworks and AI-blockchain integrations could accelerate adoption, boosting its $20M-funded momentum toward broader ecosystem influence. This positions Archblock as a pivotal bridge for institutions entering DeFi, fulfilling its founding mission to unlock global financial opportunities.[2][3]
