Decentralized Finance (DeFi) Innovator Singular Raises $20M From GEM Digital Limited to Expand Its DEX and Neobank

Singular, an innovator in decentralised finance (DeFi), today announced a $20 million investment commitment from GEM Digital Limited

Hong Kong/Dubai, April 27, 2025, Chainwire

Singular, a leading innovator in decentralised finance (DeFi), has secured a significant $20 million investment commitment from GEM Digital Limited, a digital asset investment firm based in the Bahamas and part of the Global Emerging Markets (GEM) group.

The funding will be used to accelerate the rollout of Singular's two flagship products: SingularDEX, an AI-powered decentralised exchange (DEX) aggregator, and the Singular App, a next-generation neobank built around stablecoins that aims to bring financial inclusion to underserved markets.

“This commitment is more than just capital—it’s deep institutional validation,” said Terrence Hooi, Founder and CEO of Singular Global. “With GEM's backing, we can massively accelerate a new category: programmable, AI-enhanced financial infrastructure that is inclusive, accessible, and future-ready.”

SingularDEX combines artificial intelligence (AI) and decentralised finance to offer professional-grade trading tools to everyone. It aggregates prices across 100+ decentralised exchanges, allowing users to trade with deep liquidity, no network gas fees, and advanced AI-optimised trade execution.

It operates on Singular Chain, a proprietary, multi-chain settlement network that enables cross-chain trades without relying on vulnerable third-party bridges.

Built for emerging economies with volatile currencies and limited banking access, the Singular App functions as a mobile neobank designed for the stablecoin generation. Users can send money globally, benefit from opportunities to earn yield through staking, and access diversified investment strategies—all without the barriers of traditional finance.

Singular is backed by a global coalition of venture accelerators and strategic partners, including StartupBootcamp, Seedstars Cardano, Tenity, NVIDIA Inception, Sunway iLabs, and Asahi Financial Group. The platform's vibrant community has grown to over 150,000 members across Telegram, X (formerly Twitter), Discord, and Substack.

The $20 million token subscription facility from GEM provides Singular with the financial flexibility to support product launches, liquidity provisioning, and user acquisition initiatives. While the official token launch date has not yet been disclosed, Singular has confirmed that token-enabled functionality will be core to both the DEX and the app experience.

Additionally, the company is preparing to launch Singular One, its on-chain membership and loyalty layer, in the coming weeks.

About GEM Digital Limited

GEM Digital Limited is a digital asset investment firm based in the Bahamas and part of the Global Emerging Markets (GEM) group. Founded in 1972, GEM is a $3.4 billion alternative investment group with offices in Paris, New York, and the Bahamas.

Since 1991, GEM has completed over 532 transactions in 72 countries. They specialize in providing flexible investment structures to small- and mid-cap companies in high-growth sectors, including software, blockchain, energy, healthcare, and hardware.

About Singular

Singular is building the next evolution of digital finance through AI-enhanced, decentralized infrastructure.

Headquartered in Hong Kong, with operations in Dubai and Malaysia, Singular is the company behind SingularDEX—an AI-powered decentralized exchange—and the Singular App, a stablecoin-native neobank designed to empower users worldwide.

A winner of the Startup World Cup Southeast Asia 2022, and recognized by the Bold Awards and Alibaba Innovation Awards, Singular is committed to accessibility, security, and innovation. Its mission: to build programmable financial infrastructure that bridges traditional and decentralized finance for a truly global audience.

For more information, users can visit www.singulardex.com.