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 announced Tuesday in a press release.
The money will be used to accelerate the development of Trrue’s platform, based in Ireland, the company said.
GEM Digital is a $3.4 billion Bahamas-based alternative investment group specializing in the digital assets sector. He will receive TRRUE tokens in exchange for the investment. The Company invests in utility tokens listed on centralized (CEX) and decentralized (DEX) exchanges.
The token is being offered at $0.10 on a number of launchpads, the company reported on X, with a total of 300 million tokens sold. The listing is scheduled for December 27.
Trrue said it is dedicated to creating a blockchain ecosystem that promotes transparency, accountability and sustainable investment opportunities, adding that the TRRUE utility token is at the heart of this plan.
“With GEM’s support, we are able to accelerate our development, integrate high-impact projects and redefine how blockchain supports ESG-aligned initiatives,” said CEO Owen O’ Driscoll in the press release.
The funds will be used for product development, ecosystem growth and further exchange listings for the platform’s utility token, the company said.
