Unizen ‘CeDeFi’ smart exchange secures $200M investment from GEM
The alternative investment group is banking on the “CeDeFi exchange” to shape the “future of finance” with a commitment that will bolster Unizen’s ecosystem.
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Cryptocurrency exchange Unizen has scored a $200 million investment from private equity group Global Emerging Markets (GEM), which it will use to expand its business and its ecosystem.
Rather than receiving the $200 million in funding all at once, Unizen noted on Monday that the investment will come in the form of a “capital commitment,” with part of the funding released upfront and the rest will be provided later based on achieved milestones.
Unizen did not disclose what particular criteria it had to achieve to receive the funding.
Unizen calls itself a “CeDeFi” exchange mixing features of both centralized exchanges (CEXs) and decentralized exchanges (DEXs), and it runs on the BNB Chain, formerly known as Binance Smart Chain. It aims to attract both retail and institutional investors by finding and aggregating the most cost-efficient trades across CEXs such as Binance and DEXs like Uniswap.
GEM is described as a $3.4 billion alternative investment group that focuses on emerging markets, andit selected Unizen with the aim to “have a hand in technology that will shape the future of finance.”
Unizen stated that it will use the investment to expand its team, shore up its innovation and marketing pipeline and speed up the implementation of its trade aggregation ecosystem, also hinting at an upcoming investor token release update for early July, though no further details were provided.
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