Crypto lending and stablecoin provider TrustToken acquires Web3 development company EthWorks »CryptoNinjas


TrustToken, the creator of TrueFi, an unsecured lending protocol, and the creator of the popular stablecoin IIncluding TrueUSD, Recently announced the acquisition of EthWorks, a Web3 development company with a rich portfolio of successful blockchain projects.

EthWorks is recognized as a leading Web3 engineering company and has been a partner of TrustToken for more than a year, and has contributed to the development of many widely adopted layer 1 blockchains and DeFi protocols. This acquisition doubled the size of TrustToken’s team, increased the company’s technical personnel by four times, and introduced advanced technology and design leadership, pushing the development of TrustToken to a new level.

“As TrustToken matures and expands, we need to ensure that our products and services become the most powerful, secure and accessible products and services in the blockchain industry. Acquisition of EthWorks and its world-class team of engineers and designers It is vital to the future of TrueFi and will help us expand the speed, security and experience of the protocol, while creating the greatest opportunities for our lenders, borrowers and token holders.”
– Rafael Cosman, CEO of TrustToken

EthWorks has worked with the Ethereum Foundation, Bitcoin.org, Maker DAO, Polkadot, Dharma, etc. The EthWorks team will fully integrate into TrustToken’s employees and join the technical, design and operational roadmaps of all products and services, with special attention to the extension of the TrueFi protocol.

After joining the EthWorks team, the number of members in the TrustToken team has exceeded 100 and has significantly expanded the company’s engineering, design, and network security capabilities.

During the merger process, the new talents aim to accelerate the development plan, user experience and protocol security of TrustToken in its various products and services. TrustToken will also maintain and expand EthWorks’ open source projects, including Waffle and useDApp used by Ethereum developers.

The engineering and design leadership of EthWorks will join TrustToken in senior positions to guide the company’s development and brand promotion. The senior leadership team will see Marek Kirejczyk, founder and CEO of EthWorks, become TrustToken’s chief technology officer (CTO).

In addition, Natalia Kirejczyk, EthWorks’ design director, will serve as TrustToken’s vice president of design, and EthWorks’ CTO Krzysztof Jelski will become TrustToken’s vice president of engineering.

Through investment in high-level talents, Poland will become TrustToken’s main engineering center.

“We are very happy to be part of the TrustToken story now. TrueFi is the fastest growing unsecured lending agreement in DeFi. Our strong teamwork creates a unique opportunity to accelerate growth and have a significant impact in the DeFi space-very It will soon have an impact in the field of institutional finance.”
– Marek Kirejczyk, founder of EthWorks



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