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Layer 1 Blockchain Trrue Receives $10 Million Investment From GEM Digital

Key Points:

Layer 1 blockchain Trrue secured a $10 million investment from GEM Digital to accelerate development and ecosystem growth.
The TRRUE utility token, priced at $0.1, is being sold on launchpads, with exchange listing planned for December 27.

Trrue, a layer 1 blockchain focused on ESG compliance and asset tokenization, has closed a $10 million investment commitment from GEM Digital, CoinDesk reported.

Layer 1 Blockchain Trrue Raises $10M to Expand ESG Blockchain Development

Headquartered in Ireland, the blockchain platform intends to use the proceeds to continue developing its chain, grow its ecosystem, and list its TRRUE utility token on additional exchanges.

Layer 1 blockchain Trrue seeks to build a blockchain ecosystem for transparency, accountability, and sustainable investment opportunities.

GEM Digital Closes Investment in Trrue’s Sustainable Blockchain Vision

Bahamas-based alternative investment firm GEM Digital, with $3.4 billion in management, has invested in digital assets and utility tokens. Under the terms of the investment deal, the firm will be receiving TRRUE tokens. As a rule, the fund invests in tokens traded on centralized and decentralized exchange platforms.

“With GEM’s backing, we are equipped to accelerate our development, onboard impactful projects, and redefine how blockchain supports ESG-aligned initiatives,” said CEO Owen O’Driscoll.

TRRUE token, priced at $0.1, is currently listed on a number of launchpads, with 300 million tokens available for sale. Layer 1 blockchain Trrue has also announced plans to list the token on exchanges by December 27.

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.