Crypto Exchange Unizen Receives $200M Capital Commitment from GEM

Crypto exchange Unizen announced that it has received $200m capital commitment from Global Emerging Markets (GEM), which is not a straight funding round, but is milestone-based and performance-related as a means of ensuring the funding is optimized fully. The fund raised will be used to improve Unizen's systems, grow its team, market its products and accelerate its aggregation system. Unizen is an exchange built on BNB Chain which combines the functionality of centralized and decentralized exchanges. It aims to address issues of scalability that exist on DeFi protocols built on Ethereum by sacrificing some decentralization while also being able to draw more users thus offering greater liquidity.