NAGA Founder Ben Bilski Launches “AI-Native” Decentralized Exchange on Solana

Ben Bilski, the Founder and former CEO of NAGA Group, has launched a new crypto trading platform called True Trading, which is now live in pre-launch.

According to Bilski’s announcement on LinkedIn, the decentralized exchange incorporates a “trainable” artificial intelligence engine and is built on a Layer 2 protocol using the Solana blockchain.

AI Functionality and Automation

According to its official website, True Trading describes itself as an AI-native decentralized exchange. The platform features an integrated large language model designed to improve over time by analyzing user interactions, trades, and market data. It automates tasks such as risk management, KYC, and payment flows, aiming to streamline the user experience.

True Trading reportedly uses smart contracts for all trade executions, meaning users retain control of their funds at all times. This design removes custody risk and enables transparency, as all liquidity is sourced from public vaults and tracked on-chain.

The platform operates on its own Layer 2 infrastructure powered by Solana, allowing for high-speed transaction processing and reduced costs. According to company disclosures, True Trading Corp is incorporated in Panama.

Trading Features

True Trading offers several DeFi trading functions, including: On-chain perpetual contracts, copy trading of high-performing strategies, and yield earning through smart contract-based investment strategies. The platform does not facilitate the trading of regulated securities, nor does it act as a broker, financial intermediary, or custodian.

The platform has now entered a pre-launch phase and is accepting early users. The company has not yet disclosed a full launch date or details on governance or tokenomics, if any.

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In March, Bilski announced plans to launch a new cryptocurrency trading platform to address inefficiencies in the digital asset market. Following his departure from NAGA after its acquisition by CAPEX.com, Bilski turned his attention to what he described as a fundamental flaw in crypto markets' operation.

In a LinkedIn post, he said he had identified “a loophole that changes everything,” particularly in market-making and liquidity provision—two functions often criticized for their lack of transparency and centralization.

“After years in crypto (since 2014), scaling companies from scratch to IPO, and executing large-scale projects, I took a step back to assess the imbalances and opportunities in the space. And I found something truly exciting, a loophole that changes everything,” he wrote.