ESG-focused Blockchain firm secures $10M investment commitment from GEM Digital

True, is a layer-one blockchain focused on environmental, social, and governance (ESG) compliance and Asset tokenization in the real world The company said in a press release on Tuesday that it has secured a $10 million investment commitment from GEM Digital.

The company said the funds will be used to accelerate the development of the Ireland-based True platform.

Digital gem is a $3.4 billion Bahamas-based alternative investment group specializing in the digital assets sector. You will receive TRRUE tokens in exchange for the investment. The company invests in tokens listed on centralized exchanges (CEXs) and decentralized exchanges (DEXs).

The code is running I offered X, priced at $0.10 on a number of launch platforms, with a total of 300 million tokens sold, the company said. The listing is scheduled for December 27.

True said it is committed to creating a blockchain ecosystem that promotes transparency, accountability and sustainable investment opportunities, adding that the TRRUE utility token is central to this plan.

“With GEM’s support, we are equipped to accelerate our development, deliver impactful projects, and redefine how blockchain supports ESG-compliant initiatives,” CEO Owen O’Driscoll said in the statement.

The company said the funds will be used for product development, ecosystem growth and more exchange listings for the platform’s utility tokens.