According to a report by Decrypt on December 4, deep潮 TechFlow reported that the technology company Binary Holdings, valued at $16.9 billion, announced a strategic investment of up to $5 million from digital asset investment firm ABO Digital. The company currently has 169 million users and has partnered with 7 major telecommunications operators, planning to exceed 1 billion users by December 2025.
Binary Holdings will launch its digital bank Millenia in Q2 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 they are collaborating with 7 Layer 1 and Layer 2 blockchain networks.
ABO Digital Investment Manager Talal Samy noted that Binary Holdings has excelled in promoting the large-scale application of decentralized technology, with its innovation capabilities and global layout highly aligned with the company's investment philosophy. Currently, Binary Holdings is integrating Web2 infrastructure with Web3 features through a decentralized open network, providing users with digital services such as cross-border payments, gaming, and social interactions.