Meta description: Estonia’s Trustyfy secures $6.8M seed funding from Tokenee Select and Sixth Society Angel Syndicate to expand its DeFi banking services and enter the U.S. market.
Trustyfy, a fintech startup based in Tallinn, Estonia, has closed a $6.8 million seed funding round to expand its decentralized finance (DeFi) banking services. The capital will fuel research and development, regulatory capabilities, and U.S. market entry. Founders, investors, and financial professionals following DeFi innovations will want to take note.
Who led Trustyfy’s seed round?
The $6.8 million seed round was co-led by Tokenee Select and the Sixth Society Angel Syndicate. These investors bring both capital and strategic expertise to the company’s DeFi-focused operations. The backing from two distinct investor groups signals confidence in Trustyfy’s capability to scale in the regulated fintech space while retaining its decentralized-first vision.
Seed stage funding of this magnitude in the DeFi banking niche is relatively rare, particularly in Europe, and reflects growing investor appetite for alternatives to traditional commercial banking solutions.
What is the growth strategy after funding?
Trustyfy plans to direct the new capital towards three specific areas:
- Expansion of its research and development team to innovate new decentralized finance tools.
- Creation of a regulatory team to ensure compliance across jurisdictions.
- Establishment of a U.S. office in Fort Worth, Texas to support its entry into the American market.
The company’s move into the U.S. aims to capture demand from enterprises seeking blockchain-first banking alternatives. This strategy aligns with current trends where fintech firms diversify their geographic footprint early to secure market position before later-stage competitors enter.
How does Trustyfy’s business model work?
Trustyfy operates as a blockchain-first financial services provider. It offers decentralized corporate wallets designed so only end users can access their funds. This model reduces reliance on legacy banking intermediaries and avoids typical custodial constraints. The company also facilitates stablecoin payments with reduced transaction costs compared to conventional banks.
Complementing its decentralized offerings, Trustyfy still provides traditional bank accounts and cards. This hybrid approach aims to serve businesses that require both modern blockchain tools and familiar financial instruments. It also enhances adoption among clients who are transitioning from conventional systems to DeFi solutions.
FAQ
1. Who are the main investors?
Tokenee Select and Sixth Society Angel Syndicate led the seed round.
2. How much was raised?
The company secured $6.8 million in seed financing.
3. Where is Trustyfy headquartered?
Trustyfy is based in Tallinn, Estonia.
4. What new market will they enter?
The company plans to establish operations in Fort Worth, Texas, as part of its U.S. expansion.
5. What services does Trustyfy offer?
It offers decentralized corporate wallets, low-cost stablecoin payments, and traditional bank accounts and cards.
Conclusion
This funding round marks a significant milestone for Trustyfy. The financial backing from Tokenee Select and Sixth Society Angel Syndicate enables the company to strengthen capabilities in regulation and innovation while strategically entering the U.S. market. For investors, such moves suggest Trustyfy has positioned itself for broader commercial adoption of DeFi banking solutions. Startup founders can view this as an example of how specialized fintechs are securing capital to accelerate both geographic and product growth.
Disclaimer
This content is provided for informational purposes only and should not be taken as financial advice.