Centralized-decentralized (CeDeFi) exchange, Unizen has announced a $200 million capital commitment by Global Emerging Markets (GEM), to accelerate adoption, expand the firm, and bolster innovation. The funding is milestone-based and performance-related, which aims to make sure the initial funding is optimized to the fullest.
Announced on June 27, 2022, the capital commitment will help Unizen pioneer the future of the growing centralized-decentralized finance landscape. The funding will be used to improve current systems, bolster innovation, expand the team, market the company’s products, and rapidly accelerate the execution of the trade aggregation ecosystem, a statement from the team read.
“We are proud to welcome GEM to the Unizen Ecosystem as a potent and strategically aligned growth partner that can support the rapid expansion of the Unizen platform, brand and community,” Sean Noga, CEO of Unizen commented on the latest funding.
The latest capital commitment by GEM will help Unizen become the first CeDeFi exchange to combine the functionality of first-party and third-party centralized exchanges (CEXs) and decentralized exchanges (DEXs) in order to meet the needs of both retail and institutional traders. The exchange also includes an in-house aggregator that searches and finds the most efficient, fastest, and least expensive trade routes across multiple CEXs and DEXs including Binance, Uniswap, Pancakeswap etc.
GEM, a $3.4 billion alternative investment group, is adding Unizen to its group of investment vehicles with a focus on tapping into the emerging markets. The private investment firm has offices in New York, Paris and Nassau Bahamas, having completed over 530 investment acquisitions and transactions in over 72 countries worldwide.
GEM selected Unizen with an aim to have a hand in technology that will shape the future of finance. The firm’s bet on CeDeFi is in line with the need of the hour across the blockchain industry, combining compliance of CeFi with the innovation that DeFi brings. With GEM’s capital commitment, Unizen aims to provide users with the best offers, reliable performance, and a secure environment for high-volume trading, all in one seamless user experience.
Apart from offering an efficient asset exchange and leading trade aggregation innovations, Unizen is also launching the ZenX Labs, to help grow decentralized applications (DApps). The platform is an incubator for CeDeFi applications, empowering their growth with technical expertise and growth management as well as ensuring its full compliance.
Lastly, the platform will also offer incentives and rewards to the native $ZCX token holders. The token holders will benefit from the growth of incubated projects via the Dynamic Multi-Asset Staking (DMAS), whereby incubated projects could choose to reward the Unizen community once they take off or gain long-term success.
The token is available on several token exchanges including Unizen, Uniswap, and other centralized exchanges such as Kucoin, Gate, MEX, and BitMart.
Unizen exchange is a Binance chain-based cryptocurrency exchange that supports cross-chain swaps and applications. Launched in 2021, the platform provides a simple aggregating interface that caters to all trading personas to acquire any asset, for the best fees across a multitude of liquidity pools.
The exchange allows traders the convenience and compliance of centralized exchanges while maintaining the trustlessness and low fees of decentralized exchanges, providing users with a seamless trading platform
Global Emerging Markets (“GEM”) has offices in New York, Paris and Nassau Bahamas. It is a $3.4 billion alternative investment group that manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in 72 countries covering 5 continents.
GEM’s investment vehicles provide the group and its investors with a diversified portfolio of asset classes that span the global private investing spectrum.
Each investment vehicle has a different degree of operational control, risk-adjusted return and liquidity profile. Our family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities (PIPEs) and select venture investments.