September 20th, 2024 at 2:07 pm UTC · 3 min read
Grand Cayman /Vitreus/ – Vitreus, a leader in decentralized artificial intelligence (AI) and blockchain technology, is pleased to announce a strategic partnership with GEM Digital Limited (GEM), a digital asset investment firm based in The Bahamas. GEM has committed to a $15 million USD investment into Vitreus, marking a pivotal moment in the company’s expansion and innovation efforts. This partnership represents a testament to Vitreus’ vision to transform the future of decentralized technology.
GEM Digital, known for its expertise in sourcing and structuring digital asset investments, is active across more than 30 centralized and decentralized exchanges (CEXs and DEXs). The firm’s $15 million commitment signals confidence in Vitreus’ potential to lead in the rapidly evolving decentralized AI space.
Chad, the Founder of Vitreus, expressed enthusiasm about this milestone, stating, “We are thrilled to welcome GEM as our first institutional-grade investor. Their confidence in our mission reinforces the impact we can make in the blockchain world. With GEM’s financial backing and strategic resources, Vitreus is well-positioned to accelerate its growth, drive innovation, and scale our decentralized ecosystem on a global level.”
The investment will be structured through over-the-counter (OTC) purchases of wVTRS tokens over the next two years. This approach ensures that GEM’s capital injection not only fuels Vitreus’ growth but also provides stability in the marketplace. Both companies are aligned in their long-term vision to foster collaboration and innovation in blockchain technology.
Chad further emphasized the importance of the partnership, adding, “This collaboration with GEM is more than just an investment. It represents a shared vision for a decentralized future. Together, we will unlock new possibilities, set benchmarks for innovation, and build infrastructure that empowers global connectivity.”
The investment by GEM reinforces Vitreus’ potential to lead the decentralized AI revolution. As the world shifts towards decentralized infrastructure, the combination of Vitreus’ technology and GEM’s investment expertise will position the company at the forefront of this transformation.
Vitreus is a pioneering Layer 0 blockchain platform designed to accelerate innovation through a unique multi-token economic model and its Decentralized Physical Infrastructure Network (DePIN). Powered by VTRS and VNRG tokens, Vitreus is building a globally connected, decentralized ecosystem that pushes the boundaries of Web3 technology.
GEM Digital Limited is a digital asset investment firm based in The Bahamas that actively sources, structures, and invests in utility tokens listed on more than 30 centralized and decentralized exchanges worldwide.
Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York, and The Bahamas. GEM manages a diverse portfolio of investment vehicles focused on emerging markets and has successfully completed over 580 transactions across 72 countries. GEM’s family of funds provides exposure to small- and mid-cap management buyouts, private investments in public equities (PIPEs), and select venture investments.
Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release.