Trrue, a layer-1 blockchain centered on environmental, social and governance (ESG) compliance and real-world asset tokenization acquired a $10 million funding dedication from GEM Digital, the corporate stated in a press launch on Tuesday.
The cash can be used to speed up the event of Eire-based Trrue’s platform, the corporate stated.
GEM Digital is a Bahamas-based $3.4 billion different funding group that focuses on the digital asset sector. It would 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 various launchpads, the corporate stated on X, with a complete of 300 million tokens being offered. Itemizing is deliberate for Dec. 27.
Trrue stated 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 are equipped to accelerate our development, onboard impactful projects, and redefine how blockchain supports ESG-aligned initiatives,” CEO Owen O’Driscoll stated within the assertion.
The funds can be used for product growth, ecosystem progress and additional trade listings for the platform’s utility token, the corporate stated.
