Totle, the startup powering DApp economy growth by aggregating fragmented decentralized trading and exchange ecosystems, today announced a $1 million private funding round led by leading blockchain industry institutional investors Arrington XRP, NEO Global Capital (NGC), and Goren Helm Ventures.
Totle will use the funding to accelerate global growth in the B2B space and expand solutions offered including native wallet integrations and swap widgets.
“Since embarking on this journey, it has been an amazing experience witnessing the development of several applications utilizing our API. With the recognition from top investors, we’re most excited about the continued advancement of the global, impactful contribution we are making to decentralized economies,” said Totle Founder and CEO, David Bleznak, “We’re thrilled to join the portfolio of top blockchain institutional investors.
Last month, the startup launched its first-of-its-kind API to relieve the need to integrate with and understand the protocols of multiple decentralized exchanges. Totle supports many use cases including in-app exchange in wallets; payments and transactions for business; arbitrage exploitation by hedge funds and trading platforms; and rebalancing for portfolio managers.
“Totle has an opportunity to be a transformational business that provides a legitimate alternative to centralized exchanges,” said Tony Gu, of NEO Global Capital. “Transformational companies are built on ambition, domain knowledge and technical skill, which is precisely what Totle’s team brings to the table.”
Totle joins NEO Global Capital’s portfolio of innovative blockchain companies including Zilliqa, Ontology, and Mainframe.
With many more DEXs and liquidity networks coming, Totle currently supports trading across Airswap, Bancor, ERCdex, EtherDelta, Ethex.Market, Kyber Network, OasisDEX, OpenRelay, Radar Relay, SharkRelay, Token Store, Uniswap, and weiDex.
Arrington XRP founder, Michael Arrington, adds, “Totle is an important part of the future of the blockchain economy. Their platform enables users and organizations to initiate reliable, non-custodial transactions."
Contributed | what does this mean?