Chainge, a comprehensive cryptocurrency ecosystem, has completed its latest funding round, raising $13 million to drive advancements in AI-based trading technologies.

Chainge has announced the successful completion of a $13 million funding round, marking a significant milestone in its mission to revolutionize cross-chain trading. This funding, secured from GEM Digital Limited and Alpha Token Capital, will enable Chainge to accelerate the integration of artificial intelligence (AI) and machine learning (ML) technologies into its trading platforms.

Investment Breakdown and Strategic Vision

The funding round saw a substantial $10 million investment commitment from GEM Digital Limited and an additional $3 million from Alpha Token Capital. This influx of capital is viewed by the Chainge team as a powerful endorsement of their vision to redefine standards in cross-chain trading. With these funds, Chainge is poised to enhance its ecosystem, providing seamless access to digital assets across multiple blockchains for both institutional and retail investors.

A New Era for Cross-Chain Trading

Under the leadership of board members such as Najam Kidwai, Mike Lempress, and Dejun Qian, Chainge aims to disrupt the long tail exchange market. The firm is dedicated to empowering users with the ability to access any token on any chain, capturing emerging opportunities in the fast-evolving digital asset landscape.

The focus on AI and ML is central to Chainge's strategy. The team highlights the introduction of these technologies as a critical step in making cross-chain trading more efficient, secure, and accessible. As AI continues to be a dominant trend in the cryptocurrency sector, Chainge’s commitment to leveraging these technologies positions it at the forefront of innovation.

Future Prospects and Market Impact

Chainge's $13 million funding is expected to be a watershed moment in its development, allowing the firm to execute its long-term roadmap. This includes the enhancement of their existing two-product suite, which consists of mobile and web-based platforms supported by a robust DCRM bridge infrastructure. Currently, Chainge enables secure cross-chain transactions across 55 blockchains, surpassing $1 billion in cumulative trading volume.

Backing from Leading VC Firms

The fundraising was spearheaded by GEM Digital Limited and Alpha Token Capital, both of which are prominent VC funds with a strong focus on Web3 technologies. GEM Digital Limited, part of the $3.4 billion Global Emerging Markets Group, manages a diverse investment portfolio, providing exposure to various sectors and opportunities worldwide. Alpha Token Capital is known for supporting innovative token projects, with notable investments in OPUL, Map Protocol, VELA exchange, FRONT Frontier, and Vulcan Forged.

Chainge’s Unique Offering

As previously reported by U.Today, Chainge is the first holistic cryptocurrency ecosystem to offer cross-chain roaming, a novel model that facilitates the movement of value across different blockchains. The Chainge stack includes software and hardware wallets, a trading engine, an earn module, and credit card payment gateways, making it a one-stop solution for cryptocurrency users.

Chainge’s recent funding round underscores its commitment to breaking down barriers in the digital asset space, providing users with the tools needed to navigate blockchain technology with ease. The integration of AI and ML into their ecosystem promises to set new standards in the cryptocurrency trading landscape, making Chainge a key player to watch in 2024 and beyond.