Chainge, a revolutionary platform for cross-chain trading, has announced today that it has successfully raised a substantial $13 million investment from two prominent firms in the cryptocurrency industry, GEM Digital Limited and Alpha Token Capital. The funding comprises a generous $10 million commitment from GEM Digital and an additional $3 million from Alpha Token Capital. This significant investment will support Chainge in its mission to enhance cross-chain trading standards and enable users to access digital assets across multiple blockchains.
Under the guidance of esteemed board members Najam Kidwai, Mike Lempress, and Dejun Qian, Chainge aims to seize opportunities in the digital asset landscape by empowering users to trade any token on any chain. To accomplish this, Chainge has developed a remarkable suite of two products, available on both mobile and web platforms, which are bolstered by an innovative DCRM bridge infrastructure. This infrastructure facilitates seamless cross-chain transactions across an impressive array of 55 blockchains. To date, the platform has successfully facilitated over $1 billion in cumulative trading volume.
GEM Digital Limited, headquartered in The Bahamas, is a distinguished digital asset investment firm that specializes in investing in utility tokens listed on both centralized and decentralized exchanges across the globe. As part of The Global Emerging Markets Group, a renowned alternative investment group managing investment vehicles focused on emerging markets with a total value of $3.4 billion, GEM Digital is well-positioned to support Chainge’s growth.
Alpha Token Capital (ATC) is a specialized token fund that actively backs promising token projects in various markets. ATC’s primary objective is to enhance the value of each crypto project it invests in. The fund has already made noteworthy 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 sustain its growth and pursue its ambitious goal of establishing an efficient, secure, and accessible cross-chain trading environment. The company has outlined plans to allocate the funds towards further developing its cutting-edge platform and expanding its user base.
Chainge’s unwavering dedication to dismantling barriers in the digital asset space and equipping users with the tools to navigate blockchain technology has garnered significant attention from investors within the cryptocurrency industry. The recent funding round serves as a testament to the growing interest in cross-chain trading solutions as the digital asset market continues to evolve.
