Arrington XRP, NEO Global Capital, And Goren Holm Ventures Invest In Crypto Startup Totle

Investing, News | January 15, 2019 By:

Totle, a platform that aggregates crypto order books across multiple platforms, has raised $1 million in a private funding round. Investors include Arrington XRP, a hedge fund owned by TechCrunch founder Michael Arrington, NEO Global Capital, and Goren Helm Venture.

Headquartered in Detroit, Totle is an ERC-20 token trading platform that aims to boost overall liquidity and improve traders ability to close a transaction at the best price by aggregating the liquidity of the top decentralized exchanges. The Totle platform seeks to enable consumers, traders, and any organization to focus on their assets and their business while relying on Totle to enable “optimal value exchange.”

Totle said that it will use the funding to accelerate global growth in the business to business (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,” said Totle Founder and CEO David Bleznak, “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. We’re thrilled to join the portfolio of top blockchain institutional investors.”

Use cases of the Totle platform include 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 is an important part of the future of the blockchain economy,” said Arrington. “Their platform enables users and organizations to initiate reliable, non-custodial transactions.”