TrustToken
TrustToken is a company.
Active
Updated: ·
Financial History
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Leadership Team
Key people at TrustToken.
TrustToken is a company.
Key people at TrustToken.
Archblock (formerly TrustToken) is a blockchain technology company founded in 2017 in San Francisco, California, that provides decentralized financial services, including stablecoins backed by real-world assets and uncollateralized lending protocols.[1][2][5] It builds products like TrueFX (formerly TrueCurrencies, featuring TUSD as a top stablecoin with over $1 billion market cap) for tokenizing fiat, commodities, and real estate (RWAs), and TrueFi (TRU), a DeFi lending platform enabling on-chain loans for institutions with nearly $2 billion in originations and no defaults.[1][2][3] Serving institutions, fund managers, and individuals, Archblock bridges CeFi and DeFi to solve issues like opacity in traditional lending and stablecoin trust, offering transparent, efficient access to global capital.[1][2] Growth momentum includes TUSD's rise to one of the top five stablecoins and TrueFi's expansion into real-world lending under DAO governance.[2][3]
TrustToken was co-founded in 2017 by Rafael Cosman (CEO at the time), who identified a gap in the stablecoin market amid Tether's controversies, aiming to build a trustworthy, fiat-backed alternative like TrueUSD (TUSD).[3][4] The idea emerged from Tether's rapid growth but lack of user trust and product quality; Cosman and team launched TUSD as an ERC-20 stablecoin with KYC/AML compliance, independent audits, and escrow-held dollars across banks to prevent manipulation.[1][4] Early traction came quickly, with TUSD hitting over $1 billion market cap, followed by TrueFi in November 2020 as DeFi's first major uncollateralized lending protocol—starting with $3.5 million loans and scaling to $80 million amid growing acceptance.[1][2][3] In September 2022, amid a DeFi pivot, TrustToken rebranded to Archblock under new CEO Ryan Christensen (ex-Chief Product Officer, MIT grad with 25+ years in tech), with COO/CFO Alex (ex-Google) and a global team across Finland, Ireland, and California; TrueFi shifted to DAO control.[1][2]
Archblock rides the RWA tokenization and DeFi credit waves, tokenizing trillions in real assets amid crypto's push for mainstream finance integration post-2022 bear market.[1][2] Timing aligns with regulatory clarity demands and stablecoin dominance (TUSD in top five), countering Tether scandals by emphasizing audits and compliance amid rising institutional adoption.[3][4] Market forces like exploding DeFi TVL and on-chain lending demand ($2B TrueFi loans) favor it, influencing the ecosystem by decentralizing protocols (TrueFi DAO) and enabling transparent global capital access for non-crypto natives.[1][2][3]
Archblock is positioned to expand RWA lending as tokenization hits mainstream, with TrueFi scaling DAO-led innovations and TrueFX capturing more fiat/commodity flows amid stablecoin regulation.[1][2] Trends like institutional DeFi inflows and real-world yield on-chain will propel growth, potentially evolving its influence from stablecoin pioneer to full RWA infrastructure leader. Watch for deeper CeFi partnerships and protocol upgrades to solidify its bridge role in tokenized finance.[2]
Key people at TrustToken.
