The funds will reportedly arrive in the form of "capital commitment."
Centralized-decentralized (CeDeFi) crypto exchange Unizen has collected a $200M investment from Global Emerging Markets (GEM) to boost its business.
According to the official announcement issued on June 27, Unizen won't receive all the funds at once as the investment will arrive in the shape of "capital commitment." This means that GEM will issue one part of the money now, whereas the other in the near future, based on the exchange's achieved milestones, additionally ensuring that the funding is fully optimized.
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With such a significant amount of capital, the CeDeFi exchange will allocate some part of the money to welcome new talents into the team and boost its marketing pipeline. On top of that, the exchange will also expand the growth of its trade aggregation environment, a system that is built to explore the “most cost-efficient trades across a multitude of exchange modules,” such as Binance, PancakeSwap, and Uniswap.
According to the official website, Unizen is a “CeDeFi” platform that operates on the Binance Smart Chain (BSC) and possesses both functionalities of centralized and decentralized exchanges.
Global Emerging Markets (GEM), founded back in 1991, is an alternative investment group, managing a wide range of investment vehicles focused on emerging markets. In fact, the company is functioning in 70 countries and has completed more than 530 transactions over its course.
Furthermore, Unizen will leverage the fund to assist its arm, dubbed ZenX Labs. defined as a CeDeFi incubator created with the purpose of aiding the most significant initiatives within Unizen’s ecosystem.
Unizen has also shared the news about its early investor token release update, indicating that it would roll out on July 4th. However, no further details about the initiative are available yet.
