Trrue, a Layer-1 Blockchain Focused on ESG Compliance and Real-World Asset Tokenization, Received a $10M Investment Commitment from GEM Digital

The money will be used to accelerate the development of Ireland-based Trrue's platform, the company said.

A layer-1 blockchain network called Trrue, which places a strong emphasis on environmental, social, and governance (ESG) adherence and the tokenization of real-world assets, has secured a $10 million investment commitment from GEM Digital, according to a press release issued by the company on Tuesday.

The funds will be used to hasten the development of Trrue's platform in Ireland, the company stated.

A $3.4 billion alternative investment group with a focus on the digital asset industry, GEM Digital is situated in the Bahamas. It will get TRRUE tokens in exchange for the investment. Utility tokens listed on centralized (CEXs) and decentralized exchanges (DEXs) are a focus for the company's investments.

The token is being sold for $0.10 on several launchpads, according to the company's X statement, with a total of 300 million tokens being offered. The 27th of December is the planned listing date.

According to Trrue, it is developing a blockckchain ecosystem that emphasizes openness, responsibility, and sustainable investment options, and the TRRUE utility token serves as the foundation for this strategy.

CEO Owen O'Driscoll stated in the statement, "With GEM's support, we are prepared to hasten our development, integrate impactful projects, and redefine how blockchain supports ESG-aligned initiatives."

The funds will be used to develop products, expand the ecosystem, and list the platform's utility token on more exchanges, the company stated.