Techub News reports, according to Decrypt, that blockchain infrastructure company Binary Holdings announced the completion of a $5 million strategic financing round, with participation from ABO Digital. This round of financing will be used to promote the expansion of a decentralized open network and seamless integration with Web2 infrastructure.

Headquartered in Dubai, blockchain infrastructure company Binary Holdings has a global user base of 169 million and is dedicated to creating an open, interoperable network for digital commerce. The company plans to launch a digital bank, Millenia, in the second quarter of 2025.