‘CeDeFi’ exchange platform Unizen grabs $200M from Global Emerging Markets

Crypto exchange platform Unizen has secured $200 million worth of funds from the private equity group Global Emerging Markets (GEM). The company announced that the funds will mainly be used to “expand the crypto business, bolster the innovation and marketing pipeline, and rapidly accelerate the execution of the trade aggregation ecosystem.”

As the announcement notes, Unizen will receive the funds in the form of a “capital commitment” instead of getting it all at once. This means that a part of the funding will be released upfront, and the rest will be provided later on the basis of achievements.

Amazing news. Congratulations to our partners at Unizen! https://t.co/oK5qN931HZ

— Dimitra Technology (@dimitratech) June 27, 2022

CeDeFi platform Unizen

The company said that with the integration of an upcoming Unizen trade aggregation module, it would become the first so-called CeDeFi exchange to combine the functionality of first-party and third-party centralized and decentralized exchanges with meeting the demands of both institutional and retail investors.

As per June 27’s announcement, the exchange aims to “find the most cost-efficient trades across a multitude of exchange modules, including Binance, to provide the best offers, reliable performance, and a secure environment for high-volume trading, all in one seamless user experience.”

Moreover, in addition to Trade Aggregation Modules, the exchange actively fosters innovations via CeDeFi incubator ZenX Labs to support decentralized projects. Unizen is working to empower DeFi projects with “technical expertise and growth management as well as ensuring its full compliance.” Unizen went on to state:

GEM selected Unizen with an aim to have a hand in technology that will shape the future of finance. The firm’s bet on CeDeFi is in line with the need of the hour across the blockchain industry, combining compliance of CeFi with the innovation that DeFi brings.”

The exchange aims to offer “best offers, reliable performance, and a secure environment for high-volume trading, all in one seamless user experience” with GEM’s capital commitment.

Investment funds are becoming highly popular in the crypto space. As TheCoinRise reported recently, Binance Labs floated a $500 million Web3 investment fund. In May, Andreessen Horowitz or a16z has launched $600 million worth of Games Fund One to invest in gaming protocols across the crypto industry.