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About TrueFi
Analysis of 23 Apr 2026TrueFi is a pioneering DeFi protocol that introduced uncollateralized lending to decentralized finance in November 2020. Built by TrustToken (later rebranded to Archblock), the protocol has originated nearly $2 billion in loans to institutional borrowers including Wintermute and Alameda Research.
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TrueFi operates on Ethereum and Arbitrum, offering credit vaults with ERC-4626 compliant smart contracts. The protocol is governed by the TrueFi DAO through a Foundation with five elected directors.
In 2025, TrueFi acquired Cyan, an NFT lending platform, expanding into NFT-backed credit markets on Hyperliquid. The protocol also developed tfBILL, a tokenized U.S.
Treasury bill product through Adapt3r, attracting $8.7 million in deposits. TrueFi is currently undergoing a major transition to Brila (BRLA token) under governance proposal TFIP-41, with a hard migration deadline of April 29, 2026.
