The alternative investment group is betting on the “CeDeFi exchange” to shape the “future of finance” with a commitment that will strengthen the Unizen ecosystem.
Cryptocurrency exchange Unizen has secured a $200 million investment from private equity group Global Emerging Markets (GEM), which it will use to grow its business and ecosystem.
Rather than receiving the $200 million funding all at once, Unizen noted on June 27 that the investment will be in the form of an “equity commitment”, with some of the funding unlocked up front. and the rest will be provided later depending on the milestones reached. .
Unizen did not disclose the specific criteria it had to meet to receive the funding.
Unizen is called a “CeDeFi” exchange mixing the functionality of centralized exchanges (CEX) and decentralized exchanges (DEX), it runs on the BNB chain, formerly called Binance Smart Chain. It aims to attract both retail and institutional investors by finding and aggregating the most profitable trades among CEXs like Binance and DEXs like Uniswap.
GEM is described as a $3.4 billion alternative investment group that focuses on emerging markets. He selected Unizen to “participate in the technology that will shape the future of finance”.
Unizen said it will use the investment to expand its team, strengthen its innovation and marketing pipeline, and accelerate the implementation of its business aggregation ecosystem, also hinting at an upcoming release update. of investor tokens for early July, although no further details were provided. .
Another branch of Unizen is its ZenX Labs business, a CeDeFi incubator aimed at investing in and supporting decentralized projects by providing technical expertise and helping with compliance.
ZenX Labs recently said it is building and launching a small satellite into orbit aboard a SpaceX rocket with the mission fully funded by Dogecoin (DOGE), it is expected to launch later this year.
For GEM, this is another investment in a blockchain-related business. In May, through its digital asset investment firm GEM Digital Limited, it provided $400 million in funding to KaJ Labs to develop “Lithosphere”, a cross-platform decentralized application platform. channels powered by artificial intelligence.