Derek Delaney, senior executive at FundBank, and founder of ComOp, the lead institutional investors in Trrue, commented, “ComOp has been a long-time admirer of the innovative approach to governance through blockchain developed by Trrue and this coupled with a VASP and, subject to approval, CASP license, makes it a very unique asset.
Ireland has seen a number of the institutional VASPs choose to convert to CASPs in other jurisdictions and this has left a gap in the market that will become apparent as CASPs mainstream the institutional holding of crypto and digital assets in funds.
Owen O Driscoll, CEO of Trrue commented, “Since founding Trrue in 2021, our focus has been on rebuilding the core architecture of finance. The systems the global economy relies on simply weren’t designed for the speed and demands of today.
This investment is an important milestone and a meaningful affirmation of our strategy. Our conviction has always been that this technology will fundamentally reshape the infrastructure of financial markets.
With this partnership, we are accelerating the build-out of infrastructure that enables institutional capital to move instantly and securely. Becoming part of the FundBank Group accelerates our evolution as an institutional platform and strengthens our ability to scale with the governance and rigor the market demands.”
About Trrue Blockchain Technology
Trrue builds secure, compliant digital asset solutions designed for a sustainable and impact-driven future. Trrue provides tailored, cutting-edge infrastructure for businesses and individuals.
Trrue ensures seamless adherence to various global regulations and offers compliant tokenisation for businesses in highly regulated industries.
Its infrastructure and investment solutions effectively bridge the gap between responsible investors and socially-driven projects, fostering financial returns alongside positive societal change.
About FundBank
At FundBank, we are guided at every stage by our three core principles: safety, liquidity, speed.
Powered by cutting-edge technology, FundBank delivers industry-leading banking solutions to the global asset management industry. Our comprehensive and innovative banking services are complemented by an exceptional user experience. Through our purpose-built platform and deep sector expertise, we deliver the speed, clarity, and confidence the industry has long been waiting for.
FundBank revolutionises banking for investment funds and managers, allowing them more time to focus on what they do best, managing their portfolios and generating alpha.