back Back

HAYVN announces closure of series A funding round

By Leandra Monteiro

November 22, 2021

  • Abu Dhabi
  • Bitcoin
  • Digital Currency

HAYVN The UAE is poised to be a global hub for the emerging asset class that is digital currency and a flurry of activity in this ecosystem has seen the sector grow rapidly. HAYVN, a global institutional digital currencies platform based in Abu Dhabi announced that it has closed its Series A funding round led by Red Acre Ventures and Hilbert Group.

As part of the transaction, Red Acre Ventures has joined the HAYVN Board of Directors. With a strong technology background, Red Acre Ventures will allow HAYVN to deliver enhanced technology solutions for its product offerings.

“We are building HAYVN into the largest institutional digital currency platform globally and we are continuing to strive to be just that, the closing of our Series A funding is another milestone in our journey,” said Christopher Flinos, Co-Founder and Chief Executive Officer at HAYVN.

“With the closing of our Series A funding, we are able to continue to improve on our core products and expand our offerings beyond OTC trading and custody. Leveraging off the Asset Management strength of our new shareholder Hilbert Group, we will shortly begin providing our clients with secure access to digital currency through a series of bespoke, diversified investment products. The HAYVN Payments ecosystem is also a priority for the business,” he added.

The HAYVN platform is built on unprecedented levels of transparency, regulatory compliance, and security, with a OTC desk and a regulated custody offering allowing their clients to buy, sell, and custody large amounts of digital currency both easily and securely.

Christopher Flinos stated that this round of funding will help the organisation to further its strategic journey to become the largest global institutional digital currencies platform, to instil trust within the digital asset world, focus on strategic hires within the organisation, to become the leading institutional gateway into the cryptocurrency ecosystem.

Previous Article

November 22, 2021

CYIOS Corp announces the acquisition of NFT platform company Randombly

Read More
Next Article

November 22, 2021

AstroPay expands its e-commerce reach with WooCommerce, VTEX, and PrestaShop

Read More

IBSi Daily News Analysis

UK, Bank

July 12, 2024

Abu Dhabi

Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 12, 2024

Nuvei and Mastercard team to enable crypto to fiat conversion

Read More

May 08, 2024

Revolut debuts crypto trading platform for professional traders

Read More

April 24, 2024

Network International receives SVF licence from UAE Central Bank

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024