March 10, 2024
Multichainz, a lending protocol, has announced a $35 million investment commitment from GEM Digital, a Bahamas-based digital investment firm. The investment is structured through a Token Subscription Agreement of the Multichainz utility token, Chainz.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Multichainz | Mar 10, 2024 | $35M | Seed | $35M | GEM Digital | Lending |
Multichainz provides access to lending instruments and enhances liquidity through its multi-chain offerings. By removing intermediaries, Multichainz addresses the evolving demands of the lending market. The company is integrating with custodians and tokenization partners to strengthen its ecosystem, improve liquidity, and ensure security for lenders.
The platform aims to transform the lending landscape by introducing real-world asset (RWA) lending and institutional lending. The $35 million investment will support Multichainz in expanding its operations and developing its technology further, including improving lending instruments and enhancing user experience.
Multichainz offers decentralized finance lending services to individuals and institutions. By leveraging blockchain technology, the platform ensures transparency, security, and efficiency. Integration with tokenization partners and custodians also helps manage and secure digital assets, making the lending process more robust and reliable.
The investment from GEM Digital underscores the potential of Multichainz's solutions in the global lending and borrowing market. Multichainz is positioned to become a key player in the blockchain lending industry.
About Multichainz:
Multichainz is a Web3 lending platform that offers decentralized finance lending services to individuals and institutions. Through its technology and strategic partnerships, the company focuses on addressing issues such as illiquid assets and lending requirements. Multichainz aims to lead the RWA revolution and transform the lending industry.
Website: https://www.multichainz.com/
X Account: https://x.com/multichainz_/
X Followers today: 27.8k
Investor: GEM Digital
GEM Digital is a digital asset investment firm based in The Bahamas. The firm sources, structures, and invests in utility tokens listed globally on over 30 centralized and decentralized exchanges. Global Emerging Markets (GEM) is a $3.4 billion alternative investment group with offices in Paris, New York, and the Bahamas. GEM manages diverse investment vehicles focused on emerging markets and has completed over 530 transactions in seventy-two countries.
Location: United States
Website: https://www.gemdigital.com/
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