September 11, 2024
Huma Finance has secured $38 million in funding to enhance its payment-financing platform, PayFi, which is based on tokenized real-world assets (RWA). This funding round includes $10 million in equity investment and $28 million in yield-bearing RWAs on the company’s platform. The equity investment was led by Distributed Global, with significant contributions from Hashkey Capital, Folius Ventures, Stellar Development Foundation, and TIBAS Ventures, the venture arm of İşbank, Turkey’s largest private bank. The Stellar Development Foundation was the largest contributor to the RWA component, investing $10 million.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Huma Finance | $38M | September 11, 2024 | Equity Round | Distributed Global | RWA |
The RWAs consist of multitranche bonds with varying maturities, wrapped into exchange-traded products issued by Switzerland-based Arf Capital under Swiss DLT laws. This investment will help Huma Finance expand its platform to the Solana blockchain and Stellar’s Soroban smart-contract network in the coming months.
Earlier this year, Huma Finance merged with Arf to focus on the tokenization of RWAs. Both companies now operate under a joint holding entity, offering a comprehensive tokenized-asset platform. They are projected to reach $10 billion in payments-financing transactions next year. According to Chao Deng, CEO of Hashkey Capital, Huma’s PayFi network represents a significant shift in payment financing, bringing essential liquidity and interoperability to an industry that has long faced inefficiencies and limited access.
About Huma Finance
Huma Finance is a platform that provides financing for global payments using blockchain technology. It offers instant access to liquidity, making it easier and faster for businesses and individuals to manage their finances. The platform supports various financial services, including trade finance and digital-asset backed credit cards, and aims to bring more efficiency and transparency to payment processes. Huma Finance is designed to be accessible and user-friendly, leveraging the strengths of blockchain to offer innovative financial solutions.
Website: https://huma.finance/
X Followers today: 145,031
X Followers 30 days ago: 77,433
X Change: 67,598 (+87.3%)
About Investor
Investor: Distributed Global
Distributed Global is an investment firm that focuses on the blockchain and digital asset ecosystem. They invest in various stages of blockchain projects, from early-stage ventures to more established companies. Their goal is to support the growth and development of blockchain technology and digital assets.
Location: Los Angeles, California
Website: https://www.distributedglobal.com/
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