GEM Digital: $25 Million Pledged To Althea Limited

▤ Summary

GEM Digital has committed $25 million to Althea Limited to accelerate the rollout of Althea L1. Althea L1 is a blockchain platform built to automate payments and settlement for broadband, utilities, and critical infrastructure. The company plans to use the capital to expand its node network, improve smart-contract features, and run integration pilots with telecom carriers and utility operators. The platform also aims to turn infrastructure networks into investable assets through its exchange and protocol products.

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