Trrue, a Layer 1 blockchain focused on environmental, social and governance (ESG) compliance and tokenization of real-world assets, has received a $10 million investment commitment from GEM Digital, the company said in a press release on Tuesday.
The money will be used to accelerate development of the Ireland-based Trrue platform, the company said.
GEM Digital is a $3.4 billion alternative investment group based in the Bahamas that specializes in the digital asset sector. You will receive TRRUE tokens in exchange for the investment. The company invests in utility tokens that are listed on centralized (CEX) and decentralized (DEX) exchanges.
The token is offered at $0.10 on various launch platforms, the company said on X, with a total of 300 million tokens sold. The listing is scheduled for December 27.
Trrue said he is dedicated to creating a blockchain ecosystem that promotes transparency, accountability and sustainable investment opportunities, adding that the TRRUE utility token is central to this plan.
“With GEM’s support, we are equipped to accelerate our development, bring on impactful projects, and redefine how blockchain supports ESG-aligned initiatives,” CEO Owen O’Driscoll said in the statement.
The funds will be used for product development, ecosystem growth and future listings for the platform’s utility token, the company said.
