The ESG-Focused Blockchain Trurue Secures $10M Investment Commitment From GEM Digital
Trurue, a layer-1 blockchain focused on environmental, social and governance (ESG) compliance and real-world asset tokenization received a $10 million investment commitment from GEM Digital, the company said in a press release Tuesday.
The money will be used to accelerate the development of the Ireland-based Trurue platform, the company said.
GEM Digital is a $3.4 billion Bahamas-based alternative investment group specializing in the digital asset sector. It will receive TRRUE tokens in return for the investment. The company invests in utility tokens listed on centralized (CEX) and decentralized exchanges (DEX).
The token is being offered at $0.10 on a number of launchpads, the company told X, with a total of 300 million tokens on sale. The list is planned for December 27.
Trurue said it is committed to creating a blockchain ecosystem that promotes transparency, accountability and sustainable investment opportunities, adding that the TRRUE utility token is central to this plan.
“With GEM’s support, we are equipped to accelerate our development, onboard impactful projects, and redefine how blockchain supports ESG-aligned initiatives,” said CEO Owen O’Driscoll at statement.
The funds will be used for product development, ecosystem growth and additional exchange listing for the platform’s utility token, the company said.
