<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*jsxpewu3uekbaI0F0uwnyQ.jpeg" /></figure><a href="https://www.archblock.com/stablecoins">Archblock Stablecoins</a> is excited to announce the launch of a new fiat-backed stablecoin, 1USD. Anchored to the US Dollar, the stablecoin stands as a testament to Archblock’s technology, which is revolutionizing the exchange medium, offering frictionless and secure transactions across borders and empowering seamless global commerce. Renaissance Ambition AG, a subsidiary of Archblock, is the issuer of 1USD and the stablecoin will initially be available on Ethereum and <a href="https://alephzero.org/">Aleph Zero</a>.Aleph Zero is a privacy-focused layer-1 blockchain. 1USD offers Aleph Zero network users the stability of a stablecoin while ensuring that their financial activities and data remain confidential. The partnership between Archblock Stablecoins and Aleph Zero bridges the gap between the transparency of blockchain technology and the privacy expectations of traditional banking, and creates an ideal environment for a wide range of business applications and use cases.Archblock Stablecoins are built with transparency and regulatory compliance at the forefront. We ensure transparency and equal access to information by partnering with third parties for external, real-time attestations. Archblock’s aim is to use web3 enabled systems to democratize financial solutions that have historically been available only to those with access to traditional banking institutions. Whether investing in digital assets on-chain or transacting with businesses that accept digital currencies, our stablecoins offer a more efficient and cost-effective option.Designed to overcome the limitations of traditional banking systems, Archblock is committed to leveraging the global potential of blockchain technology. Initially created as a secure and trusted on-and-off ramp for on-chain investors, Archblock’s stablecoin offering has evolved. It now serves as the foundation for next-generation financial services, taking advantage of blockchain’s immutability and efficient settlement processes. Stablecoins enable 24/7 transactions, promote financial inclusion, and reduce the friction and costs associated with traditional banking, allowing users to transact easily around the world.The Archblock Stablecoins portfolio is accessible across multiple blockchains and exchanges. It is available to all users who meet applicable KYC/AML requirements. 1USD is currently only available to users residing outside of the United States.About Archblock StablecoinsArchblock is expanding access to financial opportunities and global trade with its Archblock Stablecoins portfolio and Archblock Marketplace. Archblock Stablecoins offers the technical and operational foundation to build white-label stablecoins for others, and operates a portfolio of fiat-backed stablecoins. For more information about Archblock Stablecoins, please contact Archblock at <a href="mailto:alex.delorraine@archblock.com">support@archblock.com</a>.<img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=d330b880050f" width="1" height="1" alt=""><hr><a href="https://blog.archblock.com/archblock-launches-new-fiat-backed-stablecoin-1usd-d330b880050f">Archblock Launches New Fiat-Backed Stablecoin, 1USD</a> was originally published in <a href="https://blog.archblock.com">Archblock</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.

<a href="https://www.archblock.com/stablecoins">Archblock Stablecoins</a> is excited to announce the launch of a new fiat-backed stablecoin, 1USD. Anchored to the US Dollar, the stablecoin stands as a testament to Archblock’s technology, which is revolutionizing the exchange medium, offering frictionless and secure transactions across borders and empowering seamless global commerce. Renaissance Ambition AG, a subsidiary of Archblock, is the issuer of 1USD and the stablecoin will initially be available on Ethereum and <a href="https://alephzero.org/">Aleph Zero</a>.

Archblock Launches New Fiat-Backed Stablecoin, 1USD

<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*4SDrQtAWgz5KYXdko5I3TQ.jpeg" /></figure>Archblock is excited to support the issuance of the fiat-backed stablecoin, 1GBP. Damex and Poundtoken have partnered to relaunch GBPT as 1GBP, using the technology of Archblock’s Stablecoins Issuance Platform. Archblock offers the technical and operational foundation for its customers to build private labeled stablecoins. 1GBP represents the first in a series of international fiat-backed stablecoins that Damex, Poundtoken, and their supporting partners plan to launch.Stablecoins enable 24/7 transactions, reduce the friction and costs associated with traditional banking, promote financial inclusion, and allow users to transact easily around the globe. 1GBP focuses on security, compliance, and the democratization of financial solutions that have been historically limited to those with access to traditional banking services.Archblock Stablecoins develops and implements stablecoin technology that is customized to meet the needs of its customers. The services Archblock offers include bank-grade customer onboarding with audited KYC/AML solutions, smart contract development and maintenance, bank integrations, exchange listings for liquidity, a white-labeled user-facing application for minting and redeeming, and industry-leading security.Archblock Stablecoins develops and implements stablecoin technology that is customized to meet the needs of its customers. The services Archblock offers include bank-grade customer onboarding with audited KYC/AML solutions, smart contract development and maintenance, bank integrations, exchange listings for liquidity, a white-labeled user-facing application for minting and redeeming, and industry-leading security.<img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=6f0a0f048b57" width="1" height="1" alt=""><hr><a href="https://blog.archblock.com/damex-and-poundtoken-launch-1gbp-utilizing-the-technology-of-the-archblock-stablecoins-issuance-6f0a0f048b57">Damex and Poundtoken launch 1GBP utilizing the technology of the Archblock Stablecoins Issuance…</a> was originally published in <a href="https://blog.archblock.com">Archblock</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.

Archblock is excited to support the issuance of the fiat-backed stablecoin, 1GBP. Damex and Poundtoken have partnered to relaunch GBPT as 1GBP, using the technology of Archblock’s Stablecoins Issuance Platform. Archblock offers the technical and operational foundation for its customers to build private labeled stablecoins. 1GBP represents the first in a series of international fiat-backed stablecoins that Damex, Poundtoken, and their supporting partners plan to launch.

Damex and Poundtoken launch 1GBP utilizing the technology of the Archblock Stablecoins Issuance Platform

In a landscape where technology reshapes traditional finance, we are witnessing a pivotal change led by web3 and decentralized finance (DeFi) systems. 

Navigating the New Web3 Era: From Latest DeFi Innovations to Spot Bitcoin ETFs

Centi is proud to announce the successful completion of its seed financing round led by Archblock and Bloomhaus Ventures with continued investments from existing shareholders and founders. Recognized for its proficiency in processing transactions as small as a cent, Centi is poised for global expansion of its blockchain-based micropayment solutions and an increased footprint in promoting financial inclusion. 

Centi Closes Seed Financing Round led by Archblock and Bloomhaus Ventures, Advancing Blockchain based Micropayments and Financial Inclusion

Among the diverse range of digital assets, stablecoins have emerged as a critical component, bridging the gap between the volatile nature of cryptocurrencies like Bitcoin and the stability of fiat currencies like the US dollar. 

Unlocking the Potential of Stablecoins in the Digital Economy

Following a recent marketplace update, Archblock Stablecoins will serve as the foundation for the next generation of finance, built upon transparency, compliance and efficiency

Archblock Announces Rebranding of Stablecoin Portfolio

Archblock's New Marketplace will Offer Transparency and Cost-Effective Solutions, Utilizing Blockchain Technology to Democratize Access to Alternative Assets

Archblock Unveils Reimagined On-Chain Marketplace

Offering by Adapt3r Digital — designed for non-US DAO treasuries, crypto funds and other investors with on-chain capital — targets a 5% yield

New fund gives on-chain investors another way to access US Treasury yields

Bezinga interviewed Bill Wolf, Chief Investment Officer of Archblock, and discussed the potential of stablecoins, the significance of endorsements from major payment platforms, and the U.S.'s position in the global blockchain innovation race.

Stablecoins Will Create 'The New Bedrock For How Finance Moves Around'

Ashton Addison speaks with Bill Wolf, Chief Investment Officer of Archblock, on the financial systems transition to modern Web3 infrastructure, their Stablecoin platform adopted by institutional organizations and lenders, the global credit system, and when immutable financial instruments will reach a more mainstream adoption.

Institutions in Web3 and Tokenization Adoption w/ Archblock

In December of 2020, TrueCoin, LLC (a subsidiary of Archblock, Inc.) transferred ownership of TrueUSD (“TUSD”) to Techteryx, an Asia-based consortium. Techteryx brings to TUSD significant resources and a vast global network to help the stablecoin scale and reach new untapped markets. As of July 14, 2023, the market capitalization for TUSD is in excess of $2.8B.Following the transfer of ownership in 2020, the Archblock team continued to support the TUSD business with operations, compliance, and a robust banking network during the transitional period. Effective July 13, 2023, Techteryx will fully manage all operations and services related to TUSD, including minting and redemptions, customer onboarding and compliance, fiat reserve banking relationships, and ongoing product development. New and existing customers will be able to access their TUSD accounts via the <a href="https://tusd.io/">TUSD app</a>.We wish the Techteryx team continued success with TUSD!<img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=f6d3644fb72a" width="1" height="1" alt=""><hr><a href="https://blog.archblock.com/tusd-announcement-f6d3644fb72a">TUSD Announcement</a> was originally published in <a href="https://blog.archblock.com">Archblock</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.

In December of 2020, TrueCoin, LLC (a subsidiary of Archblock, Inc.) transferred ownership of TrueUSD (“TUSD”) to Techteryx, an Asia-based consortium. Techteryx brings to TUSD significant resources and a vast global network to help the stablecoin scale and reach new untapped markets. As of July 14, 2023, the market capitalization for TUSD is in excess of $2.8B.

TUSD Announcement

Watr, the digital home for a new class of commodity flows, is proud to announce the successful deployment of TUSD on its development network, Watr Devnet. This milestone represents a significant step towards bringing additional stablecoin liquidity to the Polkadot ecosystem, and Watr in particular. TUSD is set to be one of the first regulated stablecoins native to the Watr ecosystem.The Watr team is now inviting developers to utilize the TUSD stablecoin to build DApps on the Watr Devnet. The deployment of TUSD on Watr Devnet allows dApp developers to interact with a Watr-native stablecoin in a test environment. With the launch of TUSD on Watr Devnet, developers can now experiment with the stablecoin’s functionality, deploy stablecoin-based dApps, test its integration with other applications, and explore its potential for use in their own projects.“We are thrilled to have successfully launched TUSD on Watr Devnet,” said Maryam Ayati, Watr co-founder. “This is an important milestone for us and for the Polkadot ecosystem as a whole. We believe that stablecoins are essential for the growth and adoption of decentralized applications. With TUSD now available on Watr Devnet, we are one step closer to achieving our goal of building a complete commodities ecosystem.”“<a href="https://www.archblock.com/truecoin">TrueCoin</a> is proud to be part of this important milestone, and we are thankful that TUSD was chosen to be the settlement coin of choice in such an important ecosystem,” said Alex de Lorraine, Archblock CFO and COO.TUSD is a regulated stablecoin that is fully backed by US dollars. It has become one of the most widely used stablecoins in the cryptocurrency industry, with a market cap of over $2 billion. The integration of TUSD on Watr Devnet represents an important addition to the growing ecosystem of decentralized applications and services.<a href="https://watr.org/">Watr</a> is a decentralized blockchain ecosystem that enables developers to build and deploy scalable, secure, and customizable decentralized applications for commodity flows. With its unique architecture, Watr offers a high-performance, low-latency infrastructure for the development of next-generation blockchain applications. Watr is a parachain on Polkadot, the world’s leading blockchain interoperability protocol.For more information, please contact:<a href="mailto:ecosystem@watr.org">ecosystem@watr.org</a><a href="mailto:hello@archblock.com">hello@archblock.com</a><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=379127db6863" width="1" height="1" alt=""><hr><a href="https://blog.archblock.com/minting-of-tusd-on-watr-devnet-brings-stablecoin-liquidity-to-the-watr-ecosystem-379127db6863">Minting of TUSD on Watr Devnet Brings Stablecoin Liquidity to the Watr Ecosystem</a> was originally published in <a href="https://blog.archblock.com">Archblock</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.

Watr, the digital home for a new class of commodity flows, is proud to announce the successful deployment of TUSD on its development network, Watr Devnet. This milestone represents a significant step towards bringing additional stablecoin liquidity to the Polkadot ecosystem, and Watr in particular. TUSD is set to be one of the first regulated stablecoins native to the Watr ecosystem.

Minting of TUSD on Watr Devnet Brings Stablecoin Liquidity to the Watr Ecosystem

The first time the world was truly confronted with the term “stablecoin” was in May 2022 with the events unfolding from TerraUSD (UST), where the blockchain industry and the broader community were forced to understand the differences between algorithmic stablecoins, currency backed stablecoins and other stablecoin models covered in the previous post.With recent events unfolding as a result of several bank runs, the time has come again to unpack in more detail, the nuances and intricacies within currency backed stablecoins, especially as many USD denominated stablecoins depegged from their $1 USD value. While most claim to be collateralized by cash and/or cash equivalents with regular attestations on their reserves, there are other attributes within the model of currency backed stablecoins that may differ between each stablecoin issuer.Here are some principles for currency backed stablecoin issuers to contemplate.1-for-1 BackingThe easiest way of understanding 1-for-1 backing is that if someone held the full supply of the stablecoin, they could redeem it for the full value of the tokens. In line with most other currency backed stablecoins, the composition of reserves would be a combination of cash and cash-equivalents, and that the stablecoin is fully reserved at all times, as demonstrated through the proof of reserves. A trustworthy stablecoin issuer will maintain technical and legal enforcements that prevent the company from minting unbacked tokens to ensure 1-for-1 backing at all times.RedeemabilityThe principle of redeemability is for stablecoin issuers to ensure that legitimate redemption requests are honoured and processed in a timely manner and not arbitrarily discouraged. There may however, be exceptions to be catered for especially where illegal activities are detected such as money laundering, as well as applying minimum redemption requirements due to technological limitations.Full TransparencyOne of the principles consistently shared by many currency backed stablecoins is the transparency of reserves. In many cases, regular (usually monthly) attestations are conducted at a given point in time by an independent third-party professional services firm.In an industry that operates 24/7, the trend is leaning towards shorter attestation periods and where possible, provide live attestations. To push the envelope even further, companies like Chainlink are working with providers to build a proof of reserve logic straight into the smart contract, further removing human error, or in the case of November 2022, human greed.If done correctly, real time proof of reserves presents a more transparent methodology compared to monthly attestations where potential fraudulent movement or use of reserve funds outside of the attestation period may still remain undetected.Segregation of FundsIn light of recent events, the principle where operating funds and reserve funds collateralising the stablecoin are never to co-mingle has emerged. This is not simply about separating the funds across different bank accounts, this is about establishing a trust structure relationship with a completely different and independent entity to hold the reserve funds. Under this model, funds are never available to the stablecoin issuer. Balances in these reserve accounts increase when user funds arrive and are minted, and reduce when token holders redeem their stablecoin.After the events that unfolded involving the collapse of a prominent cryptocurrency exchange in 2022, it became more important than ever that separating customer funds with operating funds became a focal point for various organisations in the blockchain industry.ContingenciesShould any of the entities involved in the stablecoin issuance model fail, there are to be protocols in place for such contingencies especially given the priority around the protection of customer funds.As alluded to earlier in the section on segregation of funds, customer funds are held in escrow, in a separate trust entity. This ensures that not only is there no risk of financial contagion should anything happen to the entities involved, in many cases the trustee will step in to ensure customer funds are returned in an orderly manner should any negative situations arise.<img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=42f1f24bb14c" width="1" height="1" alt=""><hr><a href="https://blog.archblock.com/principles-of-currency-backed-stablecoins-42f1f24bb14c">Principles of Currency Backed Stablecoins</a> was originally published in <a href="https://blog.archblock.com">Archblock</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.

The first time the world was truly confronted with the term “stablecoin” was in May 2022 with the events unfolding from TerraUSD (UST), where the blockchain industry and the broader community were forced to understand the differences between algorithmic stablecoins, currency backed stablecoins and other stablecoin models covered in the previous post.

Principles of Currency Backed Stablecoins

By now, most of you have seen the headlines in 2022 on what unfolded with USD Terra (UST), the corresponding cryptocurrency Luna and may think that most other stablecoins could suffer the same fate.In this post, we start by unpacking the fundamentals behind the various different models of stablecoins.What are stablecoins?Stablecoins are a category of cryptocurrency that offer price stability due to their value being pegged to the value of a stable asset such as precious metal (e.g. gold) or currency (e.g. the Australian Dollar). Where other stablecoins use algorithms to continually adjust their supply and demand in order to maintain the price peg.What are the different types of stablecoins?There are four prominent types of stablecoins, each categorised by their own mechanism of maintaining the value of the stablecoin. These include:Currency backed:These stablecoins are pegged on a 1:1 ratio to the currency of a particular country. One example of a currency backed stablecoin is TrueUSD (TUSD) which is pegged to the US Dollar.Commodity backed:As the name suggests, these stablecoins are pegged to the value of precious metals such as gold or silver to stabilize its value which is held in collateralised reserves.Over collateralized, cryptocurrency backed:At a high level, these stablecoins are backed by the combined value of multiple cryptocurrencies such as Bitcoin, Ethereum and / or other stablecoins. They are often over-collateralized (as a mixed basket of assets) to account for price fluctuations.Algorithmic:This category of stablecoin uses algorithms to adjust the supply based on its market demand. More specifically, these algorithms would burn (permanently remove coins from circulation) or mint new coins based on the fluctuating demand for the stablecoin hence ensuring the value remains stable.How are currency backed stablecoins different?In our next post, we dive deeper into the various nuances and attributes of currency backed stablecoins in light of what’s transpired recently in relation to the depegging of various currency backed stablecoins.<img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=2e2b0cd4886e" width="1" height="1" alt=""><hr><a href="https://blog.archblock.com/are-all-stablecoins-created-equal-2e2b0cd4886e">Are All Stablecoins Created Equal?</a> was originally published in <a href="https://blog.archblock.com">Archblock</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.

By now, most of you have seen the headlines in 2022 on what unfolded with USD Terra (UST), the corresponding cryptocurrency Luna and may think that most other stablecoins could suffer the same fate.

Are All Stablecoins Created Equal?

"Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Bill Wolf, Chief Investment Officer of Archblock, says he wishes there were more and clearer crypto regulation rules. Kristin Smith, CEO of Blockchain Association, says she's hopeful on stablecoin regulation.

Are new rules of the road coming for Crypto? | Bloomberg Crypto 02/21/2023

<figure><img alt="" src="https://cdn-images-1.medium.com/max/800/0*5v3rwPo_MMHRizpS.jpg" /></figure><h4></h4>Archblock and Adapt3r have announced a strategic partnership that will work to onboard a new cohort of institutional, regulated participants to DeFi, starting with US-based community banks.On-chain financing of “Real World Assets” has yet to expand to regulated originators, and to date has focused on more emerging and less established originators. As a first step in their joint roadmap, the partnership intends to enable US-based community banks to access DeFi financing. Archblock and Adapt3r believe they have found a scalable and mutually beneficial touchpoint between DeFi and regulated financial institutions that is extensible to other regulated institutions.Earning sustainable risk-adjusted yields from quality underlying assets has become a major pain point for the DeFi ecosystem, highlighted by the recent volatility among both centralized and decentralized crypto lenders. This has prompted DeFi’s largest participants to hunt for conservative fixed income instruments, despite the price premium. As a result, regulated originators could lower their cost of funding by sourcing liquidity on-chain, where more traditional products are scarce and demand is continuing to rise.The partnership was born out of the teams’ mutual goal of creating a frictionless on-ramp to DeFi for traditional banking system [and financial asset originator] participants. <a href="https://pr.report/UdMF80mR">Archblock</a> is composed of a core contributing team behind DeFi credit protocol <a href="https://pr.report/c5-K78mi">TrueFi</a>, whose infrastructure helps bridge the gap between traditional finance and DeFi. <a href="https://pr.report/af9rQWoB">Adapt3r</a>, an affiliate of digital asset hedge fund <a href="https://pr.report/o6t0SFeH">MJL Capital</a>, has unique interdisciplinary expertise across digital asset and community bank investing.Together, Archblock and Adapt3r will focus on providing on-chain access to low risk, traditional credit products for corporate treasuries, DAOs, and other institutional investors holding stablecoins. This will enable KYC’d users to hold Lending Pool (LP) tokens rather than simply signing off-chain agreements, allowing all community members to monitor the portfolio position in real-time.As more sophisticated products are offered, Adapt3r will work directly with Archblock to build out custom vault architecture, reducing friction in onboarding new banks and portfolio diversification. Eventually, the teams aim to integrate Proof of Reserve oracle feeds, which will also bring stakeholders closer than ever to bank operating systems, enabling them to receive asset-level data in real-time.Marcus Leanos, co-founder and Chief Executive Officer of Adapt3r commented “While DeFi has the potential to generate more immediate traction with underserved individuals and businesses, it will also face challenges with adverse selection, where unqualified borrowers are able to take advantage of the system. To address this issue and continue growing, DeFi needs to onboard high-quality, established assets and originators. Only by gaining traction in both high-risk and low-risk areas can DeFi make a significant impact on the global economy.”Bill Wolf, Archblock’s Chief Investment Officer, added “Archblock aims to grow into the most efficient marketplace for the widest possible selection of financial opportunities, and our new relationship with Adapt3r opens a whole new class of assets to DeFi liquidity, attracting an even broader group of global lenders. We’re excited about our mutual deep technical and financial experience, and we think there’s no limit to the type and range of financial assets that can be efficiently structured and financed on-chain using the technology we are building together.”<figure><img alt="" src="https://cdn-images-1.medium.com/max/710/0*YnPdA-74kerK60IY.png" /></figure><h4>About Archblock</h4><a href="https://pr.report/-sC9IVvn">Archblock</a> bridges institutional capital to DeFi’s modern financial infrastructure. As a core TrueFi contributor, Archblock brings institutional investors and fund managers on-chain to make global lending more transparent, effective, and accessible. Archblock incubated DeFi’s first credit protocol, TrueFi, now with nearly $2 billion in originations, as well as a suite of popular stablecoins, including TrueUSD, which today moves billions of dollars globally every month.<figure><img alt="" src="https://cdn-images-1.medium.com/max/269/0*pdNFGGu2B2p5vE00.png" /></figure><h4>About Adapt3r</h4>Adapt3r Digital LLC (“Adapt3r”) is an affiliate of <a href="https://pr.report/rPMVxqJ0">MJL Capital</a>, an alternative asset manager headquartered in Washington, D.C. Its team has deep expertise investing in community bank private equity, bank-collateralized structured credit, and digital assets. Adapt3r strives to provide the on-chain community a simple access point to traditional credit products in a transparent and auditable manner.<img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=531f77851544" width="1" height="1" alt=""><hr><a href="https://blog.archblock.com/new-era-for-real-world-asset-adoption-archblock-and-adapt3r-form-strategic-partnership-to-bring-531f77851544">New Era for Real-World Asset Adoption: Archblock and Adapt3r Form Strategic Partnership to Bring…</a> was originally published in <a href="https://blog.archblock.com">Archblock</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.

Partnership will focus on expanding access to on-chain credit products and lower the cost of capital for traditional financial institutions.

New Era for Real-World Asset Adoption: Archblock and Adapt3r Form Strategic Partnership to Bring Regulated Originators to DeFi

<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*VCUkHgmCd73cPLTJ.png" /></figure><h4></h4>SAN FRANCISCO— <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.archblock.com%2F&esheet=52954819&newsitemid=20221027006026&lan=en-US&anchor=Archblock&index=1&md5=07943836fc90d141793c4d0b1cd1990e">Archblock</a>, the core team behind leading DeFi credit protocol <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftruefi.io%2F&esheet=52954819&newsitemid=20221027006026&lan=en-US&anchor=TrueFi&index=2&md5=18aa88ff5c9cbb4e7c2949c69a878e61">TrueFi</a>, bridging traditional finance (TradFi) with the DeFi infrastructure, announces the onboarding of <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fend-labs.io%2F&esheet=52954819&newsitemid=20221027006026&lan=en-US&anchor=END-Labs&index=3&md5=84e0bdccf4b0e466a73beec8169cf82e">END-Labs</a> as a portfolio manager on the protocol. TrueFi’s Capital Markets allows nearly any portfolio manager to launch financial products on TrueFi with global reach from day one. By using TrueFi’s infrastructure, END-Labs gains access to a vast pool of borrowers and lenders, as well as Archblock’s suite of services to help institutions adapt to and participate in DeFi.Archblock welcomes END Capital, the in-house capital markets team for END-Labs, an early-stage company focused on applying blockchain to various aspects of the traditional finance services industry, as a financial partner, leveraging TrueFi’s unique unsecured lending protocol. END Capital opens access to real-world assets for DeFi investors and lenders, and alternative sources of funding capital for fiat-native fintech asset originators. By focusing on real-world assets instead of volatile crypto assets amid a bear market, END Capital is able to provide its clients with real-world productive GDP loans using DeFi, while providing DeFi investors access to protected and closely managed credit exposures.As a new portfolio manager utilizing TrueFi portfolios, <a href="https://app.truefi.io/portfolios/flexible/mainnet/0x025a613ed3c05549b96486b0b81ddf3410cadc43">END Capital plans to grow its GigPool platform</a>, which focuses on providing funding capital for fintech lenders servicing borrowers in the gig economy. The TrueFi pool will utilize senior leverage that the GigPool obtains through the Centrifuge platform for a levered senior return. END-Labs’s robust pipeline of asset originators would require additional capital capacity, as well as provide diversification of a range of different capital providers facing the GigPool platform.At its onset, the TrueFi protocol only served crypto-native hedge funds, but beginning earlier this year it began bringing the speed, cost savings, and accessibility of blockchain to all types of lending. Archblock and TrueFi make designing, launching, and funding new investment opportunities simple by easing access to DeFi services for TradFi, while also lowering costs and growing the total accessible markets for TradFi funds.TrueFi, as the leading unsecured DeFi lending marketplace, provides an ever-growing community of DeFi lenders while Archblock enables a suite of technical, financial, and operational services for portfolio managers using the TrueFi protocol, which allows them to invest their time and resources on acting as the most effective capital allocators.“We’re excited to welcome END-Labs to TrueFi infrastructure,” says Ryan Christensen, CEO of Archblock. “The team has proven its expertise in creating innovative financial products at the intersection of DeFi and real-world lending, and we see GigPool as a unique and valuable offering we’re glad to see offered to TrueFi’s community of lenders.”“We look forward to the launching of this, the first of numerous expected pools on the TrueFi platform. Both END-Labs and Archblock are like-minded with regard to the future of real world asset financing utilizing DeFi protocols and we’re excited to continue that development together,” said Edward Wu, Managing Director of END Capital.<h4>About Archblock</h4>Archblock bridges institutional capital to DeFi’s modern financial infrastructure. As a core TrueFi contributor, Archblock brings institutional lenders and fund managers on-chain to make global lending more transparent, effective, and accessible.Archblock has incubated DeFi’s first credit protocol TrueFi, now with nearly $2 billion in originations, as well as a suite of popular stablecoins including TrueUSD, which today moves billions of dollars globally every month.Explore opportunities on TrueFi at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftruefi.io&esheet=52954819&newsitemid=20221027006026&lan=en-US&anchor=https%3A%2F%2Ftruefi.io&index=4&md5=6e1142a5c1885b8aa70f4a1d36eef878">https://truefi.io</a>, or get started as an institution with Archblock at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Farchblock.com&esheet=52954819&newsitemid=20221027006026&lan=en-US&anchor=https%3A%2F%2Farchblock.com&index=5&md5=550e6deb69f20a785d62f57c096e7aac">https://archblock.com</a><h4>About END-Labs</h4>END-Labs connects fiat-native borrowers and institutional DeFi capital, driving greater capital efficiencies. END-Labs believes Web3 is an evolution of the Internet and it’s inevitable that the credit industry will adopt Web3 rails resulting in increased access to capital for lower cost capital globally. END-Labs is building Web3’s financial infrastructure by providing DeFi services to lenders, borrowers, and those that service them. END-Labs is comprised of software engineers who are deeply involved in the crypto space as well as traditional finance team members who have more than 40 years of combined experience in originating, structuring, underwriting, and servicing structured financial loans and securitized bonds for credit funds.<img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=975614e69edf" width="1" height="1" alt=""><hr><a href="https://blog.archblock.com/archblock-welcomes-end-labs-to-truefi-as-its-newest-portfolio-manager-975614e69edf">Archblock Welcomes END-Labs to TrueFi as Its Newest Portfolio Manager</a> was originally published in <a href="https://blog.archblock.com">Archblock</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.

END-Labs will leverage TrueFi to scale up and fund its asset pools while onboarding more real-world borrowers

Archblock Welcomes END-Labs to TrueFi as Its Newest Portfolio Manager

<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*kp22fzSjSRRq-Zw3" /></figure><h4></h4>September 22, 2022 10:13 AM EDT, SAN FRANCISCO — <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.trusttoken.com%2F&esheet=52923298&newsitemid=20220922005665&lan=en-US&anchor=TrustToken&index=1&md5=abb3c58937d326fd203f896a489559d2">TrustToken</a>, the core team responsible for launching <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftruefi.io%2F&esheet=52923298&newsitemid=20220922005665&lan=en-US&anchor=TrueFi&index=2&md5=1f6a327e9c8b675625f36dbc1478b7b7">TrueFi</a>, DeFi’s leading credit protocol, and popular stablecoins including <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.trueusd.com%2F&esheet=52923298&newsitemid=20220922005665&lan=en-US&anchor=TrueUSD&index=3&md5=e2fe751bcd8b8662865720b522e46436">TrueUSD</a>, announces a new identity and focus as <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.archblock.com&esheet=52923298&newsitemid=20220922005665&lan=en-US&anchor=Archblock&index=4&md5=66799f0d233a49566cad7cf13998a3f5">Archblock</a> to become the bridge between institutional investors and fund managers, and the modern financial infrastructure offered in DeFi. Archblock will be led by veteran executive and TrustToken’s Chief Product Officer Ryan Christensen as its new CEO. Archblock will continue to make major contributions to the technology and growth of the TrueFi protocol, which is now directly managed by the TrueFi DAO and Foundation.Since its inception in 2017, TrustToken has launched two major products: TrueCurrencies, with TrueUSD becoming one of the top five stablecoins with over a billion dollars in market cap; and TrueFi, the first DeFi protocol to facilitate uncollateralized lending and now becoming the home for real-world lending on-chain with almost $2 billion in loan originations. Alongside Archblock’s refined focus, the TrueFi DAO will take full responsibility for the protocol’s development, token design, and messaging.With the governance of TrueFi <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fblog.trusttoken.com%2Fthe-truefi-dao-launch-of-on-chain-governance-fc77b5e48366&esheet=52923298&newsitemid=20220922005665&lan=en-US&anchor=formally+handed+off&index=5&md5=ba0c6b17fee4fab3203a0929332fac9e">formally handed off</a> to its Decentralized Autonomous Organization (“DAO”), the added oversight of the British Virgin Island-based <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fsnapshot.org%2F%23%2Ftruefigov.eth%2Fproposal%2F0xf477b6c74a11b299707f2a094a4ccc713a9562210e2c4863b25bce1e045edff2&esheet=52923298&newsitemid=20220922005665&lan=en-US&anchor=TrueFi+Foundation&index=6&md5=e2a30f9acd2ee1c1dd5368840ba69438">TrueFi Foundation</a>, and the ultimate transfer of TrueFi’s treasury, intellectual property, and key smart contracts to the DAO, the TrueFi protocol is well on its way to full decentralization.Archblock will remain a major contributor to TrueFi, focused on growing institutional adoption reflected in TrueFi’s Total Value Outstanding (“TVO”). At the same time, Archblock will continue to service the growth and success of its TrueCurrency product line.<h3>New Leadership: Welcoming Ryan Christensen as Archblock’s new CEO</h3>As part of Archblock’s renewed focus, the company names TrustToken’s former Chief Product Officer <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fryanechristensen&esheet=52923298&newsitemid=20220922005665&lan=en-US&anchor=Ryan+Christensen&index=7&md5=c9b856bcbab8cfdb319111242cd1b1bd">Ryan Christensen</a> as its new CEO. An MIT graduate with over 25 years worth of experience as a technologist and entrepreneur, Ryan has led product and go-to-market teams for some of the world’s premier B2B marketplace companies. He currently serves as a board member of Narrative I/O, with previous executive and managerial roles at AppNexus, AT&T, Zynga, and Yahoo. Christensen has proven to be an integral part of TrustToken, overseeing major product, marketing, and strategic initiatives, and played a key role in the restructuring process.“Joining TrustToken has been an incredible opportunity to build alongside a company pioneering the forefront of blockchain innovation,” says Ryan Christensen, CEO of Archblock. “With our evolution into Archblock and the critical steps taken to further decentralize TrueFi, we’re now in a position to deliver the critical tools and services institutional early adopters need, while continuing to invest heavily as a contributor to the TrueFi community.”Christensen is taking over from Rafael Cosman who, after leading the company to develop two sector-defining products, moves on to serve on the board as a co-founder and advisor. “Building this company has been the greatest adventure of my life and, after 6 years, I’m honored to have such a capable team carrying it forward,” says Cosman. “I’m excited to continue as a board member, evangelist, and advisor — and the team here will always be like family.”<h4>About Archblock</h4>Archblock bridges institutional capital to DeFi’s modern financial infrastructure. As a core TrueFi contributor, Archblock brings institutional lenders and fund managers on-chain to make global lending more transparent, effective, and accessible.Archblock has incubated DeFi’s first credit protocol TrueFi, now with nearly $2 billion in originations, as well as a suite of popular stablecoins including TrueUSD, which today moves billions of dollars globally every month.Explore opportunities on TrueFi at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftruefi.io&esheet=52923298&newsitemid=20220922005665&lan=en-US&anchor=https%3A%2F%2Ftruefi.io&index=8&md5=c6a76d915f810c4646806461e54aa5da">https://truefi.io</a>, or get started as an institution with Archblock at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Farchblock.com&esheet=52923298&newsitemid=20220922005665&lan=en-US&anchor=https%3A%2F%2Farchblock.com&index=9&md5=3cc2e4d82e53e482bae0987eff2eca69">https://archblock.com</a><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=774cf12d55c0" width="1" height="1" alt=""><hr><a href="https://blog.archblock.com/trusttoken-rebrands-as-archblock-to-modernize-global-financial-infrastructure-under-new-leadership-774cf12d55c0">TrustToken Rebrands as Archblock, to Modernize Global Financial Infrastructure Under New Leadership</a> was originally published in <a href="https://blog.archblock.com">Archblock</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.

Having successfully incubated TrueCurrencies and with the future of the TrueFi protocol now in the hands of the DAO, TrustToken sharpens its focus to cultivate institutional DeFi adoption under the new Archblock brand, led by new CEO Ryan Christensen.

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