Chainge, a platform for trading digital assets across different blockchains, has announced a significant investment of $13 million. The funding comes from GEM Digital Limited and Alpha Token Capital, with $10 million from GEM Digital and $3 million from Alpha Token Capital. This investment will support Chainge’s mission to enhance cross-chain trading standards and offer users access to digital assets across multiple blockchains.
Led by board members Najam Kidwai, Mike Lempress, and Dejun Qian, Chainge aims to capitalize on opportunities in the digital asset landscape by enabling users to trade any token on any chain. The platform offers a suite of two products, available on mobile and web, which are backed by a DCRM bridge infrastructure. This infrastructure facilitates 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. It is part of The Global Emerging Markets Group, an alternative investment group managing investment vehicles focused on emerging markets with a total value of $3.4 billion.
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 will provide Chainge with the necessary capital to continue its growth and achieve its goal of establishing an efficient, secure, and accessible cross-chain trading environment. The company plans to utilize the funds to further develop its platform and expand its user base.
Chainge’s commitment to 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. This recent funding round highlights the increasing interest in cross-chain trading solutions as the digital asset market continues to evolve.
