Trrue Secures $10 Million Investment from GEM Digital for Development
Trrue, a layer-1 blockchain focused on environmental, social, and governance (ESG) compliance and real-world asset tokenization, secured a $10 million investment commitment from GEM Digital, as stated in a press release.
The funding will accelerate the development of Trrue's platform based in Ireland.
GEM Digital, a Bahamas-based alternative investment group with $3.4 billion in assets, specializes in the digital asset sector. In exchange for the investment, it will receive TRRUE tokens. The firm invests in utility tokens listed on centralized and decentralized exchanges.
The TRRUE token is being offered at $0.10 across several launchpads, with a total of 300 million tokens available for sale. A listing is scheduled for December 27.
Trrue aims to create a blockchain ecosystem that promotes transparency, accountability, and sustainable investment opportunities, with the TRRUE utility token playing a central role in this initiative.
CEO Owen O'Driscoll stated that GEM's support will enhance their ability to accelerate development, onboard impactful projects, and redefine blockchain's role in ESG-aligned initiatives.
The funds will be allocated to product development, ecosystem growth, and additional exchange listings for the utility token.