What to know:
- Layer-1 blockchain Trrue received a $10 million investment commitment from GEM Digital.
- GEM Digital will receive TRRUE tokens in return for its investment in the ESG-focused blockchain.
As a seasoned analyst with over two decades of experience in the tech and finance industries, I find the recent investment commitment of $10 million from GEM Digital into Trrue, a layer-1 blockchain focused on ESG compliance and real-world asset tokenization, intriguing.
True, a blockchain platform emphasizing environmental, social, and governance (ESG) compliance and real-world asset tokenization has secured a $10 million investment pledge from GEM Digital, as stated in a press announcement on Tuesday.
The funds will speed up the progress of developing True’s platform, based in Ireland, according to the company.
GEM Digital, an investment firm based in the Bahamas with a $3.4 billion portfolio, focuses on the digital asset industry. By investing, they will receive TRRUE tokens. This company invests in utility tokens that are listed on both centralized and decentralized trading platforms (exchanges).
On platform X, the company announced that the given token will be made available for purchase at a price of $0.10 each, and a total of 300 million tokens are set to be sold. It’s important to note that this offering is scheduled for listing on December 27th.
Trrue emphasizes their commitment to building a blockchain environment that fosters transparency, responsibility, and eco-friendly investment prospects. They also highlight that the TRRUE utility token plays a crucial role in executing this strategy.
As a crypto investor, I’m excited about the support from GEM that empowers us to speed up our growth, bring aboard significant projects, and reshape the way blockchain contributes to Environmental, Social, and Governance (ESG) goals, as expressed by CEO Owen O’Driscoll in a recent announcement.
The money will be allocated towards creating new products, expanding our ecosystem, and securing additional listings on various exchanges for our platform’s token, as the company announced.
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2024-12-24 16:36