December 4, 2024
The Binary Holdings, a decentralized technology company, has secured $5 million from ABO Digital, a firm specializing in cryptocurrency financing. This funding supports The Binary Holdings’ goal to expand its decentralized network to one billion users by 2025. With a valuation of $16.9 billion and 169 million users, the company is integrating Web2 and Web3 technologies to reshape global digital commerce through applications like cross-border payments and gaming.
The company has partnerships with seven major telecom providers and several non-telco collaborators to enhance interoperability. Its The Binary Network, powered by the BNRY digital currency, facilitates frictionless transactions across industries. This infrastructure aims to eliminate barriers between platforms and borders, enabling smooth global commerce within its decentralized ecosystem.
The Binary Holdings is advancing multi-chain compatibility by partnering with Layer 1 and Layer 2 blockchain networks, allowing decentralized applications to access its growing user base. The upcoming launch of Millenia, a digital bank for cross-border payments set for Q2 2025, underscores its commitment to scaling Web3 adoption. Powered by BNRY, Millenia will provide fast, low-cost, and transparent remittances, further solidifying the company’s leadership in decentralized innovation.
About The Binary Holdings
The Binary Holdings is an investment firm specializing in alternative financing solutions for cryptocurrency projects. The firm focuses on fostering sustainable growth in blockchain technologies, health innovation, and medical advancements.
Website: https://www.thebinaryholdings.com/
X: @thebinaryhldgs
About Investor
ABO Digital
ABO Digital specializes in alternative financing for cryptocurrency projects worldwide. It is part of the Alpha Blue Ocean group, a multi-family office focused on alternative finance and innovative investment strategies. The firm extends its support to sectors including blockchain, health, and medical innovation, aiming to drive technological advancements and sustainable development.
Location: Nassau, Bahamas
Website: https://www.abodigital.io/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Comments