Press Release 04 May 2021

California 4th May 2021 - TrustLabs Inc, a privately held blockchain fintech company, has announced the establishment of its European Headquarters in Dundalk, Co. Louth, creating 20 jobs over the next two years.

Established in 2017, TrustLabs Inc (t/a TrustToken) is best known for launching and operating five of the world's most transparent stablecoins, including TUSD, as well as for designing TrueFi, a leading decentralized finance protocol bringing reputation-based lending to the world of crypto. 

TrustLabs’ European HQ acts as a specialized technology and compliance arm to TrustToken's and its partner's most important products. This team is focused on running TrustTokens Know-Your-Customer (KYC) and Know-Your-Business operations, eliminating risks of fraud and money laundering, and developing technology to bring new financial tools to the world of crypto. The Dundalk facility will support compliance, risk, customer support & operations, and product management activities. 

Alex de Lorraine, TrustLabs COO and Managing Director of the European HQ, says "Dundalk is proving to be a fantastic home for the innovations in blockchain and fintech TrustToken is focused on, proven not just by the incredible team we've already built here, but in how fast we continue to grow it with the city's support."

TrustLabs is actively hiring in the areas of Product and Engineering and is always recruiting talented Compliance and Support professionals. 

“We’re lucky to have a growing Dundalk office full of diverse, creative, and talented TrustToken colleagues," says Anna Arpilleda, TrustLabs' Head of Talent, adding "We're deeply invested in our global team and committed to supporting every member of our team to become the best versions of themselves, all as part of a great employee experience.”

About TrustToken
TrustToken is freeing money to create more value for all.  TrustToken’s TrueFi platform brings uncollateralized lending on-chain, offering borrowers fast, fixed-rate loans with zero collateral requirements, and lenders competitive, transparent rates on stablecoin deposits. TrueFi is governed by TRU holders, who have processed almost $100m of unsecured loans to borrowers like Alameda Research and Wintermute Trading, with no defaults. TrueFi is recognized as a top 10 on-chain lending platform by DeFi Pulse with +$50m in TVL.

Our TrueCurrencies (TUSD, TGBP, TAUD, TCAD, THKD) are the world’s most transparent stablecoins. Each is fully collateralized, attested live on-chain, now moving billions in monthly trade volume across over 100 trading partners including Binance, Huobi, and OKEx. TUSD users enjoy lighting-fast transactions, easy minting and redemptions, and obsessive customer service

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