GEM, a Luxembourg-based alternative investment organisation with a $3.4 billion market capitalization, is providing the funding.
Zignaly, a cryptocurrency social investing platform, has struck a funding agreement worth up to $50 million with GEM Global Yield LLC SCS, a fund managed by Global Emerging Markets, a $3.4 billion Luxembourg-based alternative investment company (GEM).
“This financing from GEM will enable the firm to accelerate product development and global adoption of the Zignaly platform, enabling the people to invest in a greatly improved way,” Zignaly CEO Bartolome Bordallo stated in a news statement.
Zignaly provides actively managed investing services via which consumers can invest in cryptocurrency through skilled traders and managed funds. Investors pay a charge only if they profit.
According to the firm, the platform lowers the entrance hurdle for investors looking to diversify their portfolios with digital assets, while leaving riskier trading and decision-making to skilled traders and funds.
The Zignaly infrastructure enables the sale of cryptocurrencies and initial DEX offers (IDOs) on a variety of blockchains, including Ethereum, Polygon, Solana, Avalanche, and BNB Chain (previously Binance Smart Chain). The platform is supported by ZIG, the platform’s native coin.
According to the firm, members of the Zignaly platform have invested more than $120 million in the portfolios of more than 300 traders and fund managers.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.
