According to ChainCatcher, Huma Finance, a company focused on the tokenization of real-world assets (RWA), recently completed a $38 million financing, including $10 million in equity investment and $28 million in income-generating RWA.
The round was led by venture capital firm Distributed Global, with participation from Hashkey Capital, Folius Ventures, Stellar Development Foundation, and TIBAS Ventures, the venture capital arm of İşbank, Turkey’s largest private bank.
Stellar Development Foundation invested $10 million in the RWA portion, making it the largest player.
Huma Finance plans to use the funds to expand its payment financing (PayFi) platform to the Solana blockchain and Stellar’s Soroban smart contract network. The company’s merger with Arf is expected to enable $10 billion in payment financing transactions next year.
