Asset tokenization platform TrustToken just raised $20 million in a strategic token sale with the help of major venture corporations, including Andreessen Horowitz (a16z).
TrustToken has so far released one such token already – a “stablecoin” called TrueUSD, according to the release.
In a statement, TrustToken chief executive Danny An said:

“The support of these leading investment firms represents a significant step towards our goal to build a compliant tokenization platform for currencies, commodities, and real-world assets.
The funds will also help TrustToken expand its legal, product and engineering departments, according to the release.
“We can now buy fractional ownership in a basket of commercial office buildings or commodities via equity instruments,” he continued.

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