- $10M Commitment: Trrue to use GEM Digital’s investment to advance ESG-focused blockchain development.
- Token Exchange: GEM Digital receives TRRUE tokens, targeting listings on decentralized and centralized exchanges.
- Sustainability Drive: Trrue aims to redefine blockchain’s role in ESG compliance and sustainable investments.
What’s happening:
Trrue, an Ireland-based layer-1 blockchain focused on ESG compliance and real-world asset tokenization, has secured a $10 million investment commitment from GEM Digital, a Bahamas-based $3.4 billion alternative investment firm specializing in digital assets.
Why it matters:
The funds will accelerate Trrue’s blockchain ecosystem development, supporting projects aligned with transparency, accountability, and sustainability goals. The TRRUE token, central to this ecosystem, will soon be listed, driving accessibility and adoption.
Related Article: Inside CFA Institute: The World’s Largest ESG Investing Training Program for Finance Professionals with Robert Langrick – Interview
“With GEM’s backing, we are equipped to accelerate our development, onboard impactful projects, and redefine how blockchain supports ESG-aligned initiatives,” said Owen O’Driscoll, CEO of Trrue.
The big picture:
- Token strategy: GEM Digital’s investment involves TRRUE tokens, with 300 million tokens offered at $0.10 through launchpads, ahead of a planned Dec. 27 listing.
- Ecosystem growth: Funds will be directed toward product development, exchange listings, and scaling the platform’s reach.
- Investor focus: GEM Digital’s expertise in utility tokens positions Trrue for further integration into the ESG-focused blockchain space.
Looking ahead:
Trrue’s partnership with GEM Digital emphasizes blockchain’s potential to enhance ESG compliance and sustainable investment opportunities, reinforcing its role as a transformative force in the digital asset landscape.
Follow ESG News on LinkedIn
