According to BlockBeats, on September 11, CoinDesk reported that PayFi network Huma Finance announced the completion of $38 million in financing. This round of equity financing was led by Distributed Global, with participation from Hashkey Capital, Folius Ventures, and Stellar Development Foundation. TIBAS Ventures, the venture capital arm of İşbank, Turkey's largest private bank, also participated in this round of financing. Part of the financing will be used to inject capital into high-yield real-world assets (RWA) on the Huma platform.
Huma Finance uses real-world assets (RWA) to revolutionize cross-border payment financing and provide instant liquidity, thereby achieving faster, more convenient and efficient financial solutions. By effectively combining real-world assets (RWA), payments and decentralized finance (DeFi), Huma is creating a payment network that is more efficient and convenient than traditional solutions.
Huma merged with Arf, a global leader in payment liquidity solutions, in April this year. The transaction volume has exceeded $1.8 billion and plans to reach $10 billion in transaction volume next year. Huma plans to establish the Huma Foundation this year to decentralize its PayFi network.
In addition, Huma will host the first PayFi Summit next week with the Solana Foundation and Stellar during Token 2049 in Singapore, which is bound to bring more discussions on PayFi and guide more innovations.
