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GEM invests $200 million in Unizen’s CeDeFi smart exchange

The alternative investment firm expects the “CeDeFi exchange” to influence the “financial future” with a commitment that will strengthen Unizen’s ecosystem.

Unizen has received a $200 million investment from the private equity firm Global Emerging Markets (GEM), which will be used to develop its company and ecosystem.

Rather of getting the $200 million in cash all at once, Unizen announced on June 27 that the investment will be made in the form of a “capital commitment,” with a portion of the funding paid immediately and the remainder provided contingent on the achievement of certain objectives.

Unizen did not disclose the specific conditions it needed to meet to obtain the cash.

It operates on the BNB Chain, formerly known as the Binance Smart Chain. Unizen refers to itself as a “CeDeFi” exchange, combining characteristics of centralised and decentralised exchanges. It seeks to attract retail and institutional investors by discovering and combining the most cost-effective trades across CEXs like Binance and DEXs like Uniswap.

Unizen indicated that it will use the funds to expand its staff, strengthen its innovation and marketing pipeline, and expedite the deployment of its trade aggregation network. It also alluded to a future investor token distribution update in early July, though no details were revealed.

ZenX Labs, another division of Unizen, is a CeDeFi incubator that invests in and supports decentralised initiatives by offering technical knowledge and compliance assistance.

ZenX Labs recently announced that it would be constructing and sending a small satellite into orbit on a SpaceX rocket, with the entire mission funded by Dogecoin (DOGE). The launch is planned to occur this year.

Another investment by GEM in a blockchain-related startup. In May, through its digital asset investment firm GEM Digital Limited, it committed $400 million to KaJ Labs for the development of “Lithosphere,” an artificial intelligence-powered platform for cross-chain decentralized applications.

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