In a significant move to accelerate its growth, Trrue, a layer-1 blockchain focused on environmental, social, and governance (ESG) compliance and real-world asset tokenization, has received a $10 million investment commitment from GEM Digital. The company made the announcement in a press release on Tuesday, highlighting the potential for this partnership to drive innovation and adoption in the industry.
About Trrue
Trrue is an Ireland-based blockchain platform dedicated to creating a transparent, accountable, and sustainable ecosystem that promotes ESG-aligned initiatives. At the heart of its vision is the TRRUE utility token, which plays a crucial role in enabling users to access various features and services on the platform.
GEM Digital: A Leader in Alternative Investments
GEM Digital, a Bahamas-based alternative investment group with a net asset value of $3.4 billion, has invested heavily in the digital asset sector. With its expertise in utility tokens listed on centralized (CEXs) and decentralized exchanges (DEXs), GEM Digital is well-positioned to support Trrue’s growth plans.
Terms of the Investment
In return for the investment, GEM Digital will receive TRRUE tokens. This move not only provides GEM Digital with a stake in Trrue’s success but also enables the company to benefit from the potential appreciation of the TRRUE token value. The token is currently being offered at $0.10 on various launchpads, with a total of 300 million tokens available for sale.
Listing and Future Plans
Trrue has announced plans to list its utility token on multiple exchanges, with December 27th set as the target date for initial listings. This strategic move is expected to increase liquidity, drive adoption, and further establish TRRUE as a major player in the blockchain ecosystem.
Benefits of the Partnership
The investment commitment from GEM Digital is expected to have a significant impact on Trrue’s development trajectory. The funds will be allocated towards accelerating product development, growing the ecosystem, and securing additional exchange listings for the TRRUE token.
CEO’s Statement
In a statement, CEO Owen O’Driscoll expressed his enthusiasm for the partnership, highlighting the potential for GEM Digital’s backing to transform Trrue into a leading force in ESG-aligned blockchain initiatives. "With GEM’s backing, we are equipped to accelerate our development, onboard impactful projects, and redefine how blockchain supports ESG-aligned initiatives," he said.
Conclusion
The $10 million investment commitment from GEM Digital is a significant milestone for Trrue, marking a major step towards its goal of creating a sustainable, accountable, and transparent blockchain ecosystem. With this partnership in place, Trrue is well-positioned to drive innovation, promote ESG compliance, and redefine the role of blockchain in supporting real-world asset tokenization.
Frequently Asked Questions
- Q: What is Trrue?
A: Trrue is a layer-1 blockchain platform focused on environmental, social, and governance (ESG) compliance and real-world asset tokenization. - Q: Who has invested in Trrue?
A: GEM Digital, a Bahamas-based alternative investment group with a net asset value of $3.4 billion, has committed to investing $10 million in Trrue. - Q: What will the funds be used for?
A: The investment will be allocated towards accelerating product development, growing the ecosystem, and securing additional exchange listings for the TRRUE token.
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