GEM Digital Limited Pledges $50 Million Investment to Veloce Media Group


Veloce Media Group GEM recently made a major investment of $50 million in Digital Limited, significantly fuelling Veloce Media Group’s growth. GEM Digital Ltd is a leading digital asset investment firm based in The Bahamas.

This announcement comes just a few months after the launch of Veloce’s blockchain utility and governance token, VEXT. The VEXT token will be integrated into various games to provide tangible benefits and rewards for all stakeholders.

The partnership with GEM Digital is a ‘meeting of minds’, as the investment firm looks to expand its stake in a fast-moving industry. GEM Digital seeks to work with diverse organisations, promote businesses in emerging markets and support sustainable and inclusive business goals.

Chief Commercial Officer of Veloce, Daniel Bailey, said of the transaction: “It will allow us to focus on growth and expansion, through acquisition of more gaming and real-life racing properties, ultimately giving our vast community further VEXT utility and influence.”

Veloce is a multi-pillared gaming and sports media group, operating across some of the most innovative, fast-growing, and future-focused sectors in the UK. It is the leading gaming and race platform in the industry, and the world’s largest digital racing media network, with more than 35 million subscribers and nearly one billion views per month.

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