Crypto Exchange Unizen Receives $200M 'Capital Commitment' From Investment Group GEM

The investment is milestone-based and performance-related as a means of ensuring the funding is optimized fully.

AccessTimeIconJun 27, 2022 at 3:00 p.m. UTC
Updated May 11, 2023 at 6:47 p.m. UTC

Centralized-decentralized (CeDeFi) exchange Unizen has received $200 million from alternative investment group Global Emerging Markets (GEM) to accelerate development of its trade aggregation system.

Not a straight funding round, GEM's $200 million is described as a "capital commitment," which is milestone-based and performance-related as a means of ensuring the funding is optimized fully, Unizen announced on Monday.

The funds will be used to improve Unizen's systems, grow its team, market its products and accelerate its in-house aggregation system, which is designed to find the most efficient trade routes across different centralized and decentralized crypto exchanges, such as Binance, Uniswap and PancakeSwap.

Unizen describes itself as a "CeDeFi" platform, which combines the functionality of centralized and decentralized exchanges.

The exchange is built on BNB Chain, the blockchain network of crypto exchange Binance. CEO of Binance, Changpeng "CZ" Zhao, is thought to have coined the term CeDeFi to describe a system where users can gain the benefits of decentralized finance (DeFi) without having to interact directly with DeFi protocols and the risks associated therewith.

CeDeFi 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.

UPDATE (June 27, 15:04 UTC): Adds dropped letter in headline.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about