Cryptocurrency buying and selling platform HAYVN closes Collection A spherical
- Abu Dhabi-based digital foreign money buying and selling platform HAYVN has closed its Collection A funding spherical for an undisclosed quantity, led by Crimson Acre Ventures and Hilbert Group. As a part of the transaction, Crimson Acre Ventures has joined HAYVN’s board of administrators.
- Based in 2018 by Christopher Flinos and Ahmed Ismail, HAYVN is an institutional digital foreign money platform that gives safe OTC buying and selling and custody capabilities, enabling clients to commerce digital currencies.
- The brand new funding might be used for strategic hires inside the organisation.
The UAE is poised to be a world hub for the rising asset class that could be a digital foreign money and a flurry of exercise on this ecosystem has seen the sector develop quickly.
HAYVN, a world institutional digital currencies platform based mostly in Abu Dhabi have clear objectives of their very own, and at this time introduced that it has closed its Collection A funding spherical led by Crimson Acre Ventures and Hilbert Group.
As a part of the transaction, Crimson Acre Ventures has joined the HAYVN Board of Administrators. With a powerful know-how background, Crimson Acre Ventures will enable HAYVN to ship enhanced know-how options for its product choices.
“We’re constructing HAYVN into the most important institutional digital foreign money platform globally and we’re persevering with to try to be simply that, the closing of our Collection A funding is one other milestone in our journey,” says Christopher Flinos, co-founder and Chief Govt Officer at HAYVN.
“With the closing of our Collection A funding, we’re capable of proceed to enhance on our core merchandise and increase our choices past OTC buying and selling and custody. Leveraging off the Asset Administration energy of our new shareholder Hilbert Group, we are going to shortly start offering our shoppers with safe entry to digital foreign money by way of a sequence of bespoke, diversified funding merchandise. The HAYVN Funds ecosystem can also be a precedence for the enterprise,” he added.
The HAYVN platform is constructed on unprecedented ranges of transparency, regulatory compliance, and safety, with a number one OTC desk and a regulated custody providing permitting their shoppers to purchase, promote, and custody giant quantities of digital foreign money each simply and securely.
Christopher Flinos acknowledged that this spherical of funding will assist the organisation to reinforce its strategic journey to turn out to be the most important world institutional digital currencies platform, to instil belief inside the digital asset world, give attention to strategic hires inside the organisation, to turn out to be the main institutional gateway into the cryptocurrency ecosystem.