Multi-Blockchain Platform Geeq Receives $25M 'Capital Commitment' From Investment Group GEM

1 month ago 13

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

Multi-blockchain platform Geeq has received a $25 million 'capital commitment' from alternative investment group Global Emerging Markets (GEM).

  • Geeq's products aim to address problems such as security and transaction costs to encourage mass adoption of blockchain technology. It says its platform is designed for any blockchain application, allowing enterprise and individual users to integrate fintech, game tech, non-fungible tokens (NFTs) and micropayments, among other uses.

  • The platform is designed to ensure data reliability between organizations. It maintains fully permissioned audit trails so stakeholders can be sure everyone is working with the same information.

  • The "capital commitment" from GEM is designed to release the funds as performance milestones are met. It is reminiscent of the $200 million allocated to centralized-decentralized (CeDeFi) exchange Unizen, also a milestone-based and performance-related model to ensure the funding is optimized fully.

  • GEM's commitments therefore differ from traditional funding rounds in the way capital is injected into companies.

  • With the crypto industry facing uncertain prospects in the short- and medium-term, such "capital commitments" may become a more prevalent, less risky means of investing in digital asset firms.

Sign up for Market Wrap, our daily newsletter explaining what happened today in crypto markets – and why.

By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy.


Please note that our

privacy policy,

terms of use,

cookies, and

do not sell my personal information

has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a

strict set of editorial policies. CoinDesk is an independent operating subsidiary of

Digital Currency Group, which invests in


and blockchain

startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of

stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

Read Entire Article