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The RWA platform HUMA has merged with the cross-border payment platform ARF to establish a new holding entity for financing.

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Odaily
547Words
Apr 16, 2024

RWA platform HUMA FINANCE and cross-border payment platform ARF have merged to enhance the adoption of tokenized assets. As part of the transaction, HUMA and ARF will become part of the newly formed holding entity, 00 HOLDINGS INC. Both companies will continue to operate independently under their existing names and brands, with the venture capitalists of both companies becoming shareholders of 00 HOLDINGS. HUMA and ARF signed the documents in November last year, and the legal procedures are expected to be completed later this month.

ERBIL KARAMAN, Co-founder and Co-CEO of HUMA FINANCE, did not disclose the terms of the transaction but mentioned that the new entity is undergoing a new round of financing after the merger. ERBIL KARAMAN stated that HUMA is currently live on POLYGON and CELO, and is expected to launch on the new smart contract platform SOROBAN on STELLAR in the coming months. (THE BLOCK)

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