Unizen Exchange attracts $ 200 million of investments from GEM

The alternative investment group is betting on a “CeDeFi exchange” to shape the “future of finance” with a commitment that will strengthen the Unizen ecosystem.

Cryptocurrency exchange Unizen received an investment of $ 200 million from a private equity group Global Emerging Markets (GEM)which it will use to expand its business and its ecosystem.

On June 27, Unizen noted that instead of immediately receiving funding of $ 200 million, the investment will be carried out in the form of “capital commitments”, with part of the financing to be allocated in advance, and the rest will be provided later depending on the stages reached.

Unizen did not disclose exactly what criteria it had to meet in order to receive funding.

Unizen calls itself the CeDeFi exchange, combining the functions of both centralized exchanges (CEX) and decentralized exchanges (DEX). She works in the BNB chain, formerly called binance Smart Chain. It aims to attract both retail and institutional investors by finding and aggregating the most cost-effective deals on CEX, such as Binance, and DEX, such as Uniswap.

GEM is described as a $3.4 billion alternative investment group focused on emerging markets. She chose Unizen with the goal of “putting a hand on the technologies that will shape the future of finance.”

Unizen said it will use the investment to expand its team, strengthen its innovation and marketing pipeline, and accelerate the implementation of its trade aggregation ecosystem, and also hints at an upcoming update to the issue of investor tokens in early July, although no further details were provided.

Another division of Unizen is the business ZenX Labs, a CeDeFi incubator designed to invest in and support decentralized projects by providing technical expertise and helping to comply with regulatory requirements.

More recently, ZenX Labs said it is building and launching into orbit a small satellite aboard a SpaceX rocket, with the mission fully funded by Dogecoin (DOGE). It is expected to be launched sometime this year.

For GEM, this is another investment in a blockchain-related business. In May, through its digital asset investing firm GEM Digital Limited, it provided KaJ Labs with $400 million in funding to develop Lithosphere, a platform for ai-powered, decentralized cross-network applications.