The Unizen Cryptocurrency Exchange has secured a $ 200 million investment from the private equity group Global Emerging Markets (GEM) that will be used to grow its business and ecosystem.
Instead of receiving $ 200 million in funding at once, Unizen noted on June 27 that investment will come in the form of a “capital commitment”, with part of the funding released up front and the rest to be available later based on milestones reached.
Unizen did not disclose the specific criteria that must be met to receive the funds.
Unizen calls themselves ijol-ijolan “CeDeFi”. features a mix of both centralized exchanges (CEXs) and decentralized exchanges (DEXs), running on the BNB Chain, formerly called the Binance Smart Chain. It aims to attract retail and institutional investors by finding and collecting the most efficient trades on CEX such as Binance and DEX like Uniswap.
GEM is described as a $ 3.4 billion alternative investment group focused on emerging markets, choosing Unizen with the goal of “having a hands on the technologies that will shape the future of finance.”
Unizen said it will use the investment to expand the team, improve innovation and marketing channels, and accelerate the implementation of the trade aggregation ecosystem, as well as signaling an update on the upcoming investor token release in early July although no further details were provided. .
related: Crypto broker FalconX raised $ 150M with a valuation of $ 8B
The other hand of Unizen is the business of ZenX Labs, a CeDeFi incubator that aims to invest in and support decentralized projects by providing technical expertise and assisting with compliance.
ZenX Labs most recently said it was building and launching small satellites into orbit on a SpaceX rocket with a mission funded by Dogecoin (DOGE), is expected to launch later this year.
For GEM, this is another investment into a blockchain -related business. In May through digital asset investment firm GEM Digital Limited, it provided $ 400 million in funding to KaJ Labs to develop ‘Lithosphere’, a platform for cross -chain decentralized applications powered by artificial intelligence.
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