Cryptocurrency buying and selling platform HAYVN closes Sequence A spherical
- Abu Dhabi-primarily based electronic currency buying and selling platform HAYVN has shut its Series A funding round for an undisclosed amount, led by Purple Acre Ventures and Hilbert Team. As component of the transaction, Crimson Acre Ventures has joined HAYVN’s board of administrators.
- Founded in 2018 by Christopher Flinos and Ahmed Ismail, HAYVN is an institutional digital forex platform that presents safe OTC buying and selling and custody capabilities, enabling shoppers to trade digital currencies.
- The new funding will be used for strategic hires in the organisation.
The UAE is poised to be a international hub for the emerging asset course that is a digital forex and a flurry of exercise in this ecosystem has observed the sector expand promptly.
HAYVN, a world wide institutional electronic currencies platform based mostly in Abu Dhabi have apparent objectives of their individual, and right now introduced that it has shut its Collection A funding spherical led by Red Acre Ventures and Hilbert Team.
As section of the transaction, Pink Acre Ventures has joined the HAYVN Board of Directors. With a sturdy technologies qualifications, Red Acre Ventures will allow HAYVN to deliver enhanced engineering solutions for its product or service offerings.
“We are building HAYVN into the premier institutional digital forex platform globally and we are continuing to strive to be just that, the closing of our Sequence A funding is a different milestone in our journey,” states Christopher Flinos, co-founder and Main Government Officer at HAYVN.
“With the closing of our Sequence A funding, we are in a position to go on to increase on our main merchandise and expand our choices beyond OTC buying and selling and custody. Leveraging off the Asset Management strength of our new shareholder Hilbert Team, we will soon get started providing our consumers with protected accessibility to digital forex through a collection of bespoke, diversified financial commitment merchandise. The HAYVN Payments ecosystem is also a precedence for the enterprise,” he included.
The HAYVN platform is designed on unprecedented stages of transparency, regulatory compliance, and security, with a top OTC desk and a regulated custody providing allowing their clientele to invest in, market, and custody massive amounts of electronic currency equally very easily and securely.
Christopher Flinos mentioned that this spherical of funding will support the organisation to increase its strategic journey to grow to be the largest world-wide institutional electronic currencies platform, to instil believe in inside the digital asset planet, aim on strategic hires in the organisation, to develop into the leading institutional gateway into the cryptocurrency ecosystem.