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Tokenization platform Huma Finance merges with Circle-backed liquidity platform Arf

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Nederland Laatste Nieuws,Nederland Headlines

Huma Finance and Arf, both backed by notable venture investors, have merged to improve the adoption of tokenized assets.

Huma Finance, a tokenization platform for real-world assets, has merged with Arf, a liquidity and settlement platform focused on cross-border payments, to improve the adoption of tokenized assets.

Karaman declined to share the terms of the deal but said the new entity is in the process of closing a "big" funding round following the merger. Huma and Arf have already been partners since early last year. "Arf incorporates blockchain technology via the Huma and Circle platforms to provide instant liquidity for financial institutions to make cross-border payments without the need for pre-funding and expand access to real-time global money transfers to more businesses and consumers," Ali Erhat Nalbant, co-founder, and CEO of Arf, told The Block.

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