cryptocurrency

GEM Digital Limited commits $50 million to Inery in anticipation of the coin launch and listing

Singapore, Singapore, September 17, 2022, Chenwire

Enri Securing $50 million in investment commitment from GEM Digital Co., Ltd. (GEM) where it plans to list and launch its token, $INR, in the third quarter of 2022.

September 17, 2022, Singapore Inery, a decentralized data management system, announced that it has secured an investment commitment from GEM Digital Limited (GEM). Inery is a decentralized data management system that brings DB to Web3.

GEM Digital Limited is a digital asset investment company. Headquartered in the Bahamas, the company is actively involved in sourcing, structuring and investing in utility tokens listed in more than 30 CEXs and DEXs globally.

Inery aims to provide decentralized data management services to Web2 and Web3 users across various industries. The project uses blockchain functionality and the synergy of distributed databases to enable organizations and developers to securely store, manage, access, and provision data on a decentralized infrastructure. Inery gained traction with the launch of its first public testnet on August 10, 2022, ahead of the launch of the next major network. Inery is preparing to list its token in the third quarter of 2022.

With this funding, Inery aims to expand its use cases – making it accessible to the general public who are not Web3 or blockchain users. As GEM is a fund established in traditional markets, this is a significant milestone in pushing Inery to become more mainstream.

“This commitment from GEM will push Inery a step closer to becoming the global standard in database management. Not only in the world of Web 3, but in the traditional sense also for all businesses and professionals,” said Inery CEO and Co-founder Dr. Navin Singh.

Inery Coin (INR) will be listed this quarter (2022), closely next testnet It was launched in the third quarter (2022).

About Inery

Inery enables a decentralized, secure and reliable foundation for database management by utilizing blockchain technology. Inery provides a decentralized and distributed infrastructure for database management.

Around JM Digital Limited

GEM Digital Limited is a digital asset investment company. Headquartered in the Bahamas, the company is actively involved in sourcing, structuring and investing in utility tokens listed in more than 30 CEXs and DEXs globally.

Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York and the Bahamas. GEM operates a diversified portfolio of investment vehicles focused on emerging markets and has completed more than 530 deals in 72 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provides GEM and its partners with exposure to SME management purchases, private equity investments, and select venture investments.

Contacts

Marketing and Public Relations Manager

  • Tiana D Gertner
  • INERY PTE. Ltd.
  • tg@inery.io

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