According to ChainCatcher, as reported by Decrypt, the technology company Binary Holdings, valued at $16.9 billion, announced that it has secured a strategic investment of up to $5 million from the digital asset investment firm ABO Digital. The company currently has 169 million users and has established partnerships with seven major telecommunications operators, planning to achieve a user base of over 1 billion by December 2025.
Binary Holdings will launch the digital bank Millenia in the second quarter of 2025, focusing on cross-border payments and remittances, using its native token BNRY as the primary transaction currency. The company's Chief Business Officer, Siddharth Sahi, stated that this will be achieved through collaboration with seven Layer 1 and Layer 2 blockchain networks.
ABO Digital Investment Manager Talal Samy pointed out that Binary Holdings has excelled in promoting the large-scale application of decentralized technology, and its innovation capability and global layout align closely with the company's investment philosophy. Currently, Binary Holdings is integrating Web2 infrastructure with Web3 functionalities through a decentralized open network, providing users with digital services such as cross-border payments, gaming, and social networking.