Solana

Million

Stellar

Billion

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/huma-finance-secures-38-million-to-expand-payment-financing-platform/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Huma Finance Secures $38 Million to Expand Payment Financing Platform</a><br></p>
<p style="text-align: justify">San Francisco-based Huma Finance has successfully raised $38 million to expand its payment financing platform. The company plans to leverage <a href="https://en.coin-turk.com/analysts-predict-solana-price-movements/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana </a> and <a href="https://en.coin-turk.com/xlm-coin-analysis-strong-support-and-bullish-momentum/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Stellar</a>‘s Soroban smart contract network to enhance the use of tokenized real-world assets (RWAs).</p>
<h2 id="huma-s-dual-strategy-fuels-rwa-expansion">Huma’s Dual Strategy Fuels RWA Expansion</h2>
<p style="text-align: justify">Huma Finance’s $38 million fundraising follows a dual strategy. Initially, $10 million was secured through a direct equity investment managed by venture capital firm Distributed Global. Other significant contributors include Hashkey Capital, Folius Ventures, Stellar Development Foundation, and TIBAS Ventures, which is connected to Turkey’s İş Bankası.</p>
<p style="text-align: justify">The remaining $28 million is tied to yield-generating real-world assets integrated into Huma’s platform, with Stellar Development Foundation contributing $10 million. Erbil Karaman, Huma’s co-founder, explained that these RWAs are structured as multi-layered bonds with varying maturities and packaged as exchange-traded products (ETPs) issued by Arf Capital, ensuring compliance with Switzerland’s digital ledger technology (DLT) laws.</p>
<h2 id="partnership-aims-for-10-billion-payment-target">Partnership Aims for $10 Billion Payment Target</h2>
<p style="text-align: justify">At the beginning of 2024, Huma Finance will join forces with Arf, focusing on the tokenization of real-world assets. Despite the merger, both companies will continue to operate independently while offering an integrated platform under a common holding company. Huma expects this partnership to facilitate $10 billion worth of payment financing transactions within the next year.</p>
<p style="text-align: justify">Chao Deng, CEO of Hashkey Capital, emphasized that Huma’s PayFi network introduces essential liquidity and interoperability to a long-inefficient sector, marking a significant paradigm shift.</p>
<p style="text-align: justify">Huma Finance’s recent investment round signifies a crucial step towards building a robust blockchain-supported ecosystem to enhance trade finance solutions. With plans for expansion into Solana and Soroban, the company aims to establish a prominent position in this emerging field.</p>
<p>The post <a href="https://en.coin-turk.com/huma-finance-secures-38-million-to-expand-payment-financing-platform/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Huma Finance Secures $38 Million to Expand Payment Financing Platform</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Huma Finance Secures $38 Million to Expand Payment Financing Platform

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