Chainge, a cross-chain trading platform, announced today that it has secured a $13 million investment from GEM Digital Limited and Alpha Token Capital. The funding consists of a $10 million commitment from GEM Digital and $3 million from Alpha Token Capital. The investment is intended to support Chainge’s mission to improve cross-chain trading standards and provide users with access to digital assets across multiple blockchains.
The company, led by board members Najam Kidwai, Mike Lempress, and Dejun Qian, aims to capture opportunities in the digital asset landscape by allowing users to trade any token on any chain. Chainge has developed a 2-product suite, available on mobile and web, which is supported by a DCRM bridge infrastructure. This infrastructure enables cross-chain transactions across 55 blockchains, and the platform has already facilitated over $1 billion in cumulative trading volume.
GEM Digital Limited, based in The Bahamas, is a digital asset investment firm that invests in utility tokens listed on various centralized and decentralized exchanges worldwide. The firm is part of The Global Emerging Markets Group, a $3.4 billion alternative investment group that manages investment vehicles focused on emerging markets.
Alpha Token Capital (ATC) is a specialized token fund that supports promising token projects across different markets. The fund aims to increase 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 is expected to provide Chainge with the capital necessary to continue its growth and pursue its goal of creating an efficient, secure, and accessible cross-chain trading environment. The company plans to use the funds to further develop its platform and expand its user base.
Chainge’s focus on breaking down barriers in the digital asset space and providing users with tools to navigate blockchain technology has attracted attention from investors in the cryptocurrency industry. The recent funding round demonstrates the growing interest in cross-chain trading solutions as the digital asset market continues to evolve.
