PANews reported on April 17 that according to The Block, the tokenization platform Huma Finance merged with the liquidity and settlement platform Arf to increase the adoption of tokenized assets. As part of the transaction, Huma and Arf will become part of the newly established holding entity 00 Holdings Inc. However, the two companies will continue to operate separately under their existing names and brands.
Erbil Karaman, co-founder and co-CEO of Huma Finance, declined to disclose the terms of the deal but said the new entity is completing a “large” round of funding. Arf recently surpassed $1 billion in on-chain liquidity. Nalbant, co-founder and CEO of Arf, said the combined entity expects to exceed $3 billion in trading volume by the end of the year, based on $500 million in monthly liquidity demand from global partners.
