Chainge, a cutting-edge platform for cross-chain trading, has just announced a significant investment of $13 million from GEM Digital Limited and Alpha Token Capital. GEM Digital has contributed $10 million, with an additional $3 million coming from Alpha Token Capital. This infusion of funds is aimed at advancing Chainge’s mission to enhance cross-chain trading standards and offer users seamless access to digital assets across multiple blockchains.
Under the guidance of board members Najam Kidwai, Mike Lempress, and Dejun Qian, Chainge is seizing opportunities within the digital asset landscape by enabling users to trade any token on any chain. The platform boasts a 2-product suite, accessible via mobile and web, that is powered by a DCRM bridge infrastructure. This innovative infrastructure facilitates cross-chain transactions across 55 blockchains, with the platform having already facilitated over $1 billion in cumulative trading volume.
GEM Digital Limited, headquartered in The Bahamas, is a prominent digital asset investment firm that focuses on utility tokens listed on various centralized and decentralized exchanges globally. It is a part of The Global Emerging Markets Group, a renowned $3.4 billion alternative investment group with investment vehicles concentrated on emerging markets.
Alpha Token Capital (ATC) is a specialized token fund that backs promising token projects across diverse markets. The fund is dedicated to enhancing the value of each crypto project it invests in and has made notable investments in tokens such as OPUL, Map Protocol, VELA exchange, FRONT Frontier, and Vulcan Forged.
The investment from GEM Digital and Alpha Token Capital will provide Chainge with the necessary capital to fuel its expansion and pursue its objective of establishing an efficient, secure, and user-friendly cross-chain trading ecosystem. The company intends to utilize the funds to further enhance its platform and grow its user base.
Chainge’s commitment to removing barriers in the digital asset realm and equipping users with the tools to navigate blockchain technology has garnered attention from investors in the cryptocurrency sector. The recent funding round underscores the increasing interest in cross-chain trading solutions as the digital asset market continues to advance.