Totle Secures $1 Million Investment to Power DApp Economy
Top blockchain institutional investors bet on Totle to be the Kayak of virtual currency.
Today we are announcing the close of our $1 million private funding round led by leading blockchain industry institutional investors Arrington XRP, NEO Global Capital (NGC), and Goren Holm Ventures. We 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, we launched the first-of-its-kind API to relieve the need to integrate with and understand the protocols of multiple decentralized exchanges. We support 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.”
With many more DEXs and liquidity networks coming, we currently support 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.”
About Neo Global Capital
Neo Global Capital is the strategic investment vehicle of the NEO Foundation and one of the largest institutional owners of cryptocurrencies. The company targets the most inspiring projects in the blockchain industry. They aggressively pursue various digital assets and the leading partners have been involved in investing in ICO’s for Ethereum, Factom, Antshares (NEO), nOS, Tomocoin, 0Chain, and more.
About Arrington XRP
Arrington XRP Capital is a digital asset management firm in blockchain-based capital markets. The fund is denominated in XRP, one of the largest cryptocurrency by market capitalization. Arrington XRP invests in a wide variety of cryptocurrency assets and related digital technologies, with primary focus on existing tokens.