LOS ANGELES, Nov. 10, 2026 (GLOBE NEWSWIRE) -- Wire Network, a decentralized computing and transaction platform, today announced a Token Subscription Agreement with GEM Digital Limited for up to $50 million in post-listing token purchases. Wire plans to use proceeds to develop its Universal Transaction Layer (UTL), connect additional blockchain networks, and support developers building applications across them. The facility provides for purchases over 36 months following listing, subject to contractual conditions, including trading-volume and pricing requirements.
Wire is building toward an internet where money and applications work across networks as readily as information moves online. Its platform brings together compute, digital assets and access through familiar wallets, giving developers a foundation for products that reach beyond a single blockchain.
“People should be able to choose an application for what function it provides, not which blockchain it runs on,” said Ken DiCross, Co-Founder and CEO of Wire Network. “That is the future we've spent the last 6 years building for at Wire. This agreement gives us access to capital to develop the network and help bring that experience to more people.”
Central to Wire's approach is a different model for funding and allocating computing resources. Developers can provision capacity for an application and assign resources to specific activities, much like managing infrastructure for a cloud-based service. Users can then perform covered actions without paying a separate gas fee for each transaction.
“If you're building a game, a financial service or an application that acts on a user's behalf, you need a practical way to run it,” said Kyle Dolan, Co-Founder and CTO of Wire Network. “We want developers to be able to plan their computing resources, reach assets across networks, and let people use the wallets they already trust, giving them more freedom to focus on the product.”
Wire's planned mainnet launch will initially connect Ethereum and Solana through smart contracts, liquid-staking infrastructure, and integrated liquidity pools. Underlying assets will remain in contracts on their native networks, while representations of those assets will be used for execution on Wire. Liquid staking will let that capital keep earning on its native network while providing liquidity for live cross-network traffic. Additionally, the WIRE token will sit at the center of every route, with pools pairing ETH with WIRE and WIRE with SOL, so cross-network activity runs through the token as the platform grows.
Many early users will reach Wire through the wallets and aggregators they already use, without adopting a new ecosystem. Deeper liquidity can support larger transactions with less price impact, helping Wire compete for cross-network activity while establishing a market for applications built on the platform. This initial use case is the starting point for a broader computing environment where Wire adds support for more networks and assets as developers build services for users across those ecosystems. Supported existing wallets will let users authorize activity without transferring their private keys to Wire, while configurable account permissions will define which actions an application can perform.
Together, these new capabilities are creating a foundation for AI agents and other automated applications that transact on a user’s behalf. Wire’s longer-term vision is an open, decentralized computing platform where financial services, games, and new applications can operate across blockchain ecosystems rather than within the boundaries of a single network.
To learn more about Wire Network and explore its technical documentation and developer resources, visit wire.network.
About Wire Network
Wire Network is developing a decentralized computing and transaction platform that connects applications, users and assets across blockchain networks. Its Universal Transaction Layer combines application-level resource allocation, existing-wallet compatibility and cross-network execution. Starting with Ethereum and Solana, Wire is building an open foundation for financial services, consumer applications and AI agents. Learn more at wire.network.
About GEM Digital (GEM)
GEM Digital Limited is a digital asset investment firm and part of Global Emerging Markets (GEM). Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group that manages a diverse set of investment vehicles focused on emerging markets across the world. GEM's investment vehicles provide the group and its investors with a diversified portfolio of asset classes that span the global private investing spectrum. Each investment vehicle has a different degree of operational control, risk-adjusted return and liquidity profile. GEM's investment vehicles provide its partners with exposure to Small-Mid Cap Management Buyouts, Private Investments in Public Equities (PIPEs) and select venture investments. Learn more at gemny.com.
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