Klever Announces Major Investment Commitment of $20M from GEM Digital Limited

Klever Announces Major Investment Commitment of $20M from GEM Digital Limited

Press Releases
November 23, 2023 by Diana Ambolis
262
Klever is overjoyed to announce a defining moment in our pursuit of blockchain innovation: a remarkable $20 million investment commitment from GEM Digital Limited.  This significant infusion, equally distributed with $10 million dedicated to each of our KLV and KFI tokens, is a resounding vote of confidence in our vision to transform the world of
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Klever is overjoyed to announce a defining moment in our pursuit of blockchain innovation: a remarkable $20 million investment commitment from GEM Digital Limited. 

This significant infusion, equally distributed with $10 million dedicated to each of our KLV and KFI tokens, is a resounding vote of confidence in our vision to transform the world of blockchain and web3. At Klever, we’re passionately crafting a future where blockchain technology and crypto wallets aren’t just powerful and secure but also incredibly user-friendly and inclusive. This milestone is a giant leap forward, reinforcing our unwavering commitment to innovation and our goal to democratize and make finance accessible for all.  

Klever: A P2P Network For Everyone

Klever is a p2p network for everyone and is the embodiment of our commitment to pursue the dream of creating the most user-friendly and inclusive blockchain ecosystem.

At Klever, we’re driven by a core belief: Finance should be accessible to everyone. Since launching our first blockchain wallet in 2017, our mission has been to make finance universally accessible and free. We strive to unravel the complexities of blockchain technology, transforming it into a user-friendly blockchain tool for daily life. Today, with a fully-fledged blockchain ecosystem, we enable users to effortlessly invest, stake, create, and manage decentralized digital assets on one of the most sophisticated blockchains in existence.

For the first time, people in Nigeria can pay for food and goods using our Klever Wallet.

We’ve witnessed the challenges faced by developers and users in navigating the complex landscape of blockchain technology. Our solution? A platform where anyone, regardless of their country, beliefs, or technical expertise, can build and interact with blockchain technology. We make it so easy that everyone can use it.

Finance is complex and financial services are often exclusive, slow, expensive, and complicated. 

We have found an opportunity to provide a blockchain hub and financial tools beyond the boundaries of social status, gender, religion, or nationality. 

Looking ahead, this significant funding will accelerate our mission to make p2p financial services borderless, open, and accessible to all through our public blockchain network. We’re making waves towards a more inclusive, innovative, and user-friendly digital world.

Reinforcing the Open Source Movement

Klever’s investment in the open-source movement signifies our dedication to transparency, collaboration, and community-driven innovation. We believe that by embracing open-source principles, we can accelerate the development and adoption of blockchain technologies, making them more robust, secure, and versatile. This commitment to open source reflects our ethos of empowerment, inclusivity, and continuous learning within the blockchain community.

Control and Strategy in Token Utilization

Importantly, the decision to sell the tokens under this agreement rests entirely with Klever. We maintain full control over the timing, pricing, and quantity of tokens sold. This strategic approach ensures that our actions align with market conditions and our long-term vision, underscoring our commitment to responsible and thoughtful expansion. By retaining this control, Klever ensures that the investments are executed in a manner that best serves our community, stakeholders, and the overarching goals of our ecosystem. Through this multi-faceted approach, Klever is not just growing its financial and technological capabilities but is also strengthening its role as a leader in Blockchain and Web3, paving the way for a more inclusive and innovative digital future.

About GEM Digital Limited

 

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

Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York, and Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions 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 provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments.

 

For more information, visit Klever’s website.