Trrue, a layer-1 blockchain centered on environmental, social and governance (ESG) compliance and real-world asset tokenization obtained a $10 million funding dedication from GEM Digital, the corporate mentioned in a press launch on Tuesday.
The cash will likely be used to speed up the event of Eire-based Trrue’s platform, the corporate mentioned.
GEM Digital is a Bahamas-based $3.4 billion different funding group that focuses on the digital asset sector. It’ll obtain TRRUE tokens in return for the funding. The corporate invests in utility tokens listed on centralized (CEXs) and decentralized exchanges (DEXs).
The token is being supplied at $0.10 on quite a few launchpads, the corporate mentioned on X, with a complete of 300 million tokens being offered. Itemizing is deliberate for Dec. 27.
Trrue mentioned it’s devoted to making a blockckchain ecosystem that promotes transparency, accountability and sustainable funding alternatives, including that the TRRUE utility token is central to this plan.
“With GEM’s backing, we’re geared up to speed up our growth, onboard impactful initiatives, and redefine how blockchain helps ESG-aligned initiatives,” CEO Owen O’Driscoll mentioned within the assertion.
The funds will likely be used for product growth, ecosystem development and additional alternate listings for the platform’s utility token, the corporate mentioned.
