Cryptocurrency buying and selling platform HAYVN closes Sequence A spherical
- Abu Dhabi-based digital foreign money buying and selling platform HAYVN has closed its Sequence A funding spherical for an undisclosed quantity, led by Purple Acre Ventures and Hilbert Group. As a part of the transaction, Purple 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 will likely be used for strategic hires throughout the organisation.
The UAE is poised to be a worldwide hub for the rising asset class that may be a digital foreign money and a flurry of exercise on this ecosystem has seen the sector develop quickly.
HAYVN, a worldwide institutional digital currencies platform based mostly in Abu Dhabi have clear objectives of their very own, and as we speak introduced that it has closed its Sequence A funding spherical led by Purple Acre Ventures and Hilbert Group.
As a part of the transaction, Purple Acre Ventures has joined the HAYVN Board of Administrators. With a robust expertise background, Purple Acre Ventures will enable HAYVN to ship enhanced expertise 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 attempt to be simply that, the closing of our Sequence 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 Sequence A funding, we’re capable of proceed to enhance on our core merchandise and broaden our choices past OTC buying and selling and custody. Leveraging off the Asset Administration energy of our new shareholder Hilbert Group, we’ll shortly start offering our purchasers with safe entry to digital foreign money via 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 purchasers to purchase, promote, and custody massive quantities of digital foreign money each simply and securely.
Christopher Flinos acknowledged that this spherical of funding will assist the organisation to boost its strategic journey to turn out to be the most important international institutional digital currencies platform, to instil belief throughout the digital asset world, deal with strategic hires throughout the organisation, to turn out to be the main institutional gateway into the cryptocurrency ecosystem.