Draper Goren Holm, a young venture group that includes prominent VC Tim Draper, announced on Tuesday that its portfolio company Totle has been focused on developing an advanced order routing system that will find the “absolute best” combination of orders to get the most value of cryptocurrency tokens.
The company noted that the product that enables anyone to buy and sell tokens at the best price guaranteed across the Decentralized Finance (DeFi) space and allows any company or individual to easily integrate this product into their website or app. Through the product, Totle will show users how its prices compare to the rest of the market.
“The product also allows any website to instantly add aggregated token swaps in a matter of seconds and enable their customers to get the best price for ERC-20s without actually building a trading experience from scratch.”
While sharing more details about the company’s product, David Bleznak, Founder of Totle, stated that the decentralized crypto exchanges (DEXs) have come a long way in terms of useability, as well as pricing.
“Totle simply makes it easier to access decentralized markets. Our latest interface is the most convenient way to get the best price for your Ethereum assets.”
The launch of Totle’s product comes just a couple of weeks after Draper Goren Holm announced it has invested in DeFi Money Market (DMM) a platform that enables digital asset holders to Earn 6.25% backed by real-world assets. Draper, a noted crypto enthusiast and longtime Bitcoin “bull,” has backed multiple tech names, including Coinbase and Baidu.
Draper Goren Holm reported at the time there was about $274 billion in crypto, $17 trillion of negative-yielding debt globally (more than 25% of global investment grade debt) and $90.4 trillion of physical money in the world earning little, zero, or even negative interest.