Huma Finance Completes $38 Million Investment to Accelerate Solana and Stellar Blockchain Layouts
Publication Time:2024-09-11 17:11:08
Huma Finance announced the completion of a $38 million investment round aimed at expanding its PayFi platform to the Solana blockchain and Stellar's Soroban smart contract network. The funding round includes $10 million in equity investment and $28 million in revenue-backed assets (RWA), all of which are now available on Huma Finance's platform based in San Francisco. This move signifies Huma Finance's ongoing development and innovation in the financial technology sector, particularly in integrating cryptocurrency and blockchain technology. Furthermore, Huma Finance plans to achieve up to $100 billion in payment financing transaction volume by the end of next year through its merger with Arf.
Solana blockchain
Huma Finance
Tokenized RWA Platform
Stellar Smart Contract Network