Injection of powerful #investments
Funding from Optic Capital #IslamicCoin is a Shariah-compliant cryptocurrency project based on the #HAQQ blockchain. Islamic Coin, a Shariah-compliant cryptocurrency, has secured funding from Web3 venture firm Optic Capital. The funding amount is not disclosed, as reported in a press release exclusively shared with CoinJournal by the Swiss crypto project.
Optic Capital has invested in leading crypto projects like Polkadot, Chainlink, and Compound.
Islamic Coin (ISLM) is the native token of HAQQ, an ethics-focused L1 blockchain dedicated to creating a Shariah-compliant financial ecosystem. The crypto project was founded by UAE entrepreneurs Mohammed AlKaff AlHashmi and Hussein Al Meeza and is gearing up for an official launch in the autumn of 2023.
Islamic Coin attracts global venture capital As attention towards the platform has been rapidly growing since its inception, much of the focus has been on key partnerships and strategic investments. A growing list of venture capital firms and private capital continues to support it, primarily due to its potential for global adoption.
Optic Capital's investment adds to the group of major venture capital firms and private funds that have backed the cryptocurrency.
"In July, the Islamic Coin team announced it had raised $200 million from investors, bringing its groundbreaking funding to $400 million. Funding participants now include Alpha Blue Ocean’s ABO Digital, DF101, and Futurecraft Ventures. The project has also attracted funding from several high-net-worth individuals (HNWIs).
Islamic Coin has also established key partnerships worldwide. These include the recently announced integration with DDCAP Group, Holiday Swap, and more than 300 Islamic banks. In the MENA region, the project has secured 5 partnerships across medical, wellness, immigration, and travel sectors.
Detailed information on the HAQQ website also shows that the network has integrated with Axelar, Sushi, Allnodes, and other platforms.
