Financial services company, Huma, has successfully closed a $38 million investment round to extend its Tokenised Risk Transfer (RWA) platform.
Huma Finance Expands Real-World Asset Tokenization with Multi-Chain Strategy
Huma Finance, a pioneering fintech company, is set to broaden its real-world asset tokenization initiatives by operating on both the Solana and Stellar's Soroban network. This strategic move aims to enhance speed, scalability, and global reach, addressing traditional financial issues through a Payment Financing (PayFi) network.
The integration on Solana and Stellar Soroban facilitates real-time settlement infrastructure and on-chain liquidity via stablecoins, allowing tokenized real-world assets to participate in decentralized finance and payment financing networks.
Huma Finance's native $HUMA token serves as the governance token, enabling staking and incentivization across the network. The total supply of $HUMA tokens amounts to 10 billion. As of recent data, HUMA trades around $0.038 with a market cap over $66 million, reflecting active market participation.
Recently, Huma Finance secured a significant investment of $38 million, with $10 million structured as equity. Distributed Global led the $10 million equity round, with participation from other investors such as Hashkey Capital, Folius Ventures, Stellar Development Foundation, and TIBAS Ventures. The remaining $28 million was invested in yield-bearing real-world assets listed on the Huma platform.
The invested real-world assets are multi-tranche bonds of varying maturities wrapped into exchange-traded products issued by Switzerland-based Arf Capital under Swiss DLT laws. This investment follows Huma Finance's merger with cross-border payments firm Arf earlier this year.
Denelle Dixon, CEO of the Stellar Development Foundation, expressed support for Huma Finance's PayFi project, stating it solves real-world problems and is tailor-made for the Stellar network. The Stellar Foundation committed $10 million towards the investment in real-world assets on the Huma platform.
Huma Finance plans to integrate its PayFi solution into Stellar blockchain's ecosystem, further consolidating its multi-chain position and enhancing asset tokenization capabilities and payment financing solutions globally. The company is looking forward to continuing to work with the Stellar Development Foundation to grow the PayFi ecosystem.
[1] Huma Finance Official Announcement
[2] Solana Ecosystem Update
[3] CoinMarketCap Data
[4] TradingView Data
[5] Stellar Development Foundation Statement
- "The strategic move by Huma Finance to integrate on Solana and Stellar's Soroban network positions them to deliver best-in-class finance and investing solutions, promising significant advancements in technology and real-world asset tokenization."
- "With the latest $38 million investment, including $10 million from Distributed Global, Huma Finance's PayFi project is poised to become a leading player in decentralized finance, offering innovative technology and payment financing solutions on both Solana and Stellar networks."
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