Nov 29, 2022

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Blockchain Startup Zenith Chain Secures $35M Investment Funding – Legit.ng

Zenith Chain, a Lithuania-based blockchain startup, has signed a US$35 million investment financing deal with GEM Digital Limited.

< p class="align -left">“The investment will serve as a means to take the business from its current position to a much better position while the entire team continues to work tirelessly to improve the business both operationally and also in the overall management of the company“, says the CEO, Jonathan Emmanuel.

In his words: “This investment financing from GEM will help the company to further improve its existing products and help launch new products, thereby achieving the goal of creating blockchain solutions for widespread use and ultimately increasing user adoption.”

About Zenith Chain

Zenith Chain is a blockchain technology startup with a vision to create an affordable blockchain solution that offers speed and security while maintaining a near-zero transaction fee. The institution is already one of the best start-ups in Lithuania. The blockchain is compatible with all current smart contracts based on the Ethereum network and is also suitable for minting NFTs and developing decentralized crypto exchanges.

Zenith Exchange : a cutting edge new age crypto exchange that offers secure trading. It is a regulated exchange platform that handles critical issues such as security, liquidity and fiat-to-crypto and vice-versa transactions, among others.

About GEM Digital Limited< /strong>

GEM Digital Limited is a digital asset investment firm. Based in the Bahamas, the company actively sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs worldwide.

Global Emerging Markets (“GEM”) costs $3.4 billion, an alternative investment group with offices in Paris, New York and the Bahamas. GEM manages a variety of investment vehicles with a focus on emerging markets and has completed over 500 transactions in 72 countries. Each investment vehicle has a different level of operational control, risk-adjusted return and liquidity profile. The family of funds and investment vehicles offers GEM and its partners exposure to: small-mid-cap management buyouts, private public equity investments and select venture investments.

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Source: Legit.ng