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Ben Bilski, the former CEO of NAGA Group and one-time German swimming champion, is diving back into crypto with a new venture called “True Trading AI,” a decentralized exchange that claims to blend large language models with Solana’s high-speed infrastructure.
The platform, which quietly entered pre-launch this week, pitches itself as the “world’s first AI-native DEX.” Unlike conventional exchanges, True Trading says it evolves with market behavior. Its backend is powered by a “trainable” large language model designed to absorb live trading activity, news, and user interactions, the kind of pitch that would’ve sounded like science fiction just a few years ago.
“TRUE is not just another DEX. It’s trainable,” Bilski posted on LinkedIn. “It learns. It adapts. It improves.”
The system also automates trading workflows, including risk management, onboarding, and settlement. Everything — from KYC to pay-in/pay-out flows — is handled by what Bilski calls a fully agentic backend.
Bilski is no stranger to high-stakes innovation. After hanging up his goggles as a decorated national swimmer, he turned his attention to fintech. In 2015, he co-founded NAGA Group, a social investing platform that went public in Frankfurt and briefly soared on crypto-fueled retail enthusiasm. He landed on the Forbes 30 Under 30 list in 2018 and led NAGA through the launch of its own token ($NGC), trading app, and even a metaverse venture.
The new venture comes nearly a year after Bilski parted ways with NAGA after its acquisition by CAPEX.com, stepping down from his executive role as Chief Information Officer.
Bilski, a Polish/German serial tech entrepreneur, established NAGA as a social network for investing. The platform now boasts nearly 1 million users.
True Trading’s architecture is built on a custom Layer 2 protocol that leverages Solana’s transaction speed and low fees. The DEX promises full on-chain transparency, including public vaults for liquidity and trade settlement.
Bilski pointed out deep-rooted flaws in crypto market-making and liquidity provision. He claims that his venture offers a different approach, incorporating “democratized liquidity pools, a proprietary blockchain built for scalability, social trading elements, and AI-driven tools crafted for traders.”
Bilski further argues that centralized order book systems have long been a source of frustration for crypto traders, as market makers often manipulate pricing. Recent controversies, such as Binance’s action against a market maker accused of price manipulation, further highlighted these problems. Bilski’s project appears to be an attempt to provide a decentralized alternative.
