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Crypto exchange platform Venice Swap secures $100m investment commitment from GEM

Venice Swap, a Lithuanian-based one-stop crypto exchange platform led by the Venetian engineer and entrepreneur Gianluca Busato, has secured a $100 million capital commitment in the form of a Token Subscription Facility from GEM Digital Limited (GEM).

Venice Swap, a Lithuanian-based one-stop crypto exchange platform led by the Venetian engineer and entrepreneur Gianluca Busato, has secured a $100 million capital commitment in the form of a Token Subscription Facility from GEM Digital Limited (GEM).

GEM Digital Limited is a digital assets investment firm based in the Bahamas, which actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally.

Venice Swap intends to use the funds for global expansion and product development. 

Venice Swap launched the first release of its Crypto Exchange on March 2022 with spot, margin and P2P crypto trading functionalities for the top cryptocurrencies. Other features will be released in the following days and weeks, from the listing of the top cryptocurrencies and of new ERC20 and BSC BEP-20 tokens, to IEO features, referral system and much more.

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