Tokenized RWA Platform Huma Finance Gets $38M Investment, Plans Expansion to Solana and Stellar’s Soroban

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.

The fundraising round consisted of $10 million equity investment and $28 million of investments in real-world assets on Huma's platform.

Huma merged with cross-border payments firm Arf earlier this year and the two are projected to hit a combined $10 billion in payments-financing transactions next year.Huma Finance closed a $38 million investment round to boost its payment-financing platform built on tokenized real-world assets . The equity component was led by venture capital firm Distributed Global, with significant participation from Hashkey Capital, Folius Ventures, Stellar Development Foundation and TIBAS Ventures, the venture arm of İşbank, Turkey's largest private bank. For the RWA component, Stellar Development Foundation was the largest participant, dedicating $10 million.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tokenized Treasury Funds Pass $2B Market Cap Amid BlackRock’s Explosive GrowthHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »

Avalanche Becomes Latest Blockchain to Support Franklin Templeton's Tokenized Money Market FundHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »