CoinVoice recently learned that, according to Decrypt, the technology company Binary Holdings, valued at $16.9 billion, announced that it has received a strategic investment of up to $5 million from the digital asset investment institution ABO Digital. The company currently has 169 million users and has established partnerships with 7 major telecom operators, planning to exceed 1 billion users by December 2025.
Binary Holdings will launch its 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 it is collaborating with 7 Layer 1 and Layer 2 blockchain networks.
ABO Digital Investment Manager Talal Samy pointed out that Binary Holdings has excelled in driving the large-scale application of decentralized technology, and its innovation capabilities and global layout are highly aligned with the company's investment philosophy. Currently, Binary Holdings is integrating Web2 infrastructure with Web3 functions through a decentralized open network to provide users with digital services such as cross-border payments, gaming, and social networking. [Original link]