ESG-focused blockchain Trrue secures $10M investment from GEM Digital, strengthening its ecosystem development before December 27th token generation event.
ESG-focused network Trrue announced today that it has secured a $10 million investment from GEM Digital, a digital asset investment firm based in the Bahamas.
This investment from GEM Digital marks a notable achievement for the Trrue ecosystem as it prepares to launch its Token Generation Event (TGE) in the coming days
Trrue Eyes Further Network Development
Trrue, an innovative Layer 1 blockchain, focuses on enhanced compliance opportunities for environmental, social, and governance (ESG) alongside real-world asset tokenization.
According to the announcement, the proceeds raised from the commitment will be used to boost the development of the Trrue network ahead of its TGE launch, which is scheduled for December 27th.
CEO Owen O’Driscoll emphasized GEM’s support for the network, saying, “with GEM’s backing, we are equipped to accelerate our development, onboard impactful projects, and redefine how blockchain supports ESG-aligned initiatives.”
While the investment is targeted towards accelerating the blockchain’s development, the company revealed that it will utilize the funds to develop its product further, enhance the growth of its ecosystem and also launch its utility token on more exchanges.
GEM Digital to Receive TRRUE Tokens in Return For Investment
This latest move from GEM Digital aligns with its commitment to actively sourcing, structuring, and investing in utility tokens on centralized (CEXs) and decentralized exchanges (DEXs). Worldwide.
Following its investment commitment to Trrue’s listing, GEM Digitals has joined the project’s list of early investors, thereby securing TRRUE tokens in return.
Upon launch, the Trrue blockchain will offer sustainable investment infrastructure through its token system, underpinned by robust transparency and accountability frameworks.
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