According to Deep Tide TechFlow news on December 4, the technology company Binary Holdings, valued at $16.9 billion, announced a strategic investment of up to $5 million from digital asset investment institution ABO Digital. The company currently has 169 million users and has established partnerships with 7 major telecommunications operators, planning to surpass 1 billion users by December 2025.
Binary Holdings will launch the digital bank Millenia in the second quarter of 2025, focusing on cross-border payments and remittance services, using its native token BNRY as the primary transaction currency. The company's Chief Business Officer Siddharth Sahi stated that they are 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 innovative capabilities and global layout align closely with the company's investment philosophy. Currently, Binary Holdings is integrating Web2 infrastructure with Web3 capabilities through a decentralized open network, providing users with digital services such as cross-border payments, gaming, and social networking.