Blockchain startup Zenith Chain secures $35 million in funding from GEM Digital


This financial support comes from Bahamas-based GEM Digital Limited, a digital asset investment company.

Zenith Chain, a Blockchain startup based in Lithuania, has signed an investment financing agreement worth $35 million with GEM Digital Limited.

The investment will serve as a means to move the business from where it currently stands to a much better position as the entire team continues to work tirelessly to further improve the business both in operations and overall management. of the company, said CEO Jonathan Emmanuel. .

In his words, “This investment funding from GEM will help the company further enhance its existing products and launch new ones, achieving its goal of building blockchain solutions for heavy use and ultimately increasing user adoption.

Zenith Chain is a blockchain technology startup whose vision is to create an affordable blockchain solution that provides speed and security while maintaining near-zero transaction fees. The establishment already ranks among the best startups in Lithuania. the blockchain is compatible with all current smart contracts built on the Ethereum network and is also suitable for minting NFTs and developing decentralized crypto exchanges.

Zenith Exchange: A cutting-edge crypto exchange that offers secure trading. It is a regulated exchange platform that handles critical issues such as security, liquidity, and fiat to crypto transactions and vice versa, among others.

GEM Digital Limited is a digital asset investment company. Based in the Bahamas, the company actively sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally.

Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with operations in Paris, New York and the Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 500 transactions in 72 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return and liquidity profile. The family of funds and investment vehicles provides GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and certain venture capital investments.

This story is provided by Target Media. ANI shall in no way be responsible for the content of this article.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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