HAYVN, the Abu Dhabi-based digital currency platform, has closed Series A funding round led by Red Acre Ventures and Hilbert Group.
As part of the transaction, Red Acre Ventures has joined the HAYVN Board of Directors. With a strong technology background, Red Acre Ventures will allow HAYVN to deliver enhanced technology solutions for its product offerings.
“We are building HAYVN into the largest institutional digital currency platform globally and we are continuing to strive to be just that, the closing of our Series A funding is another milestone in our journey” says Christopher Flinos, Co-Founder and Chief Executive Officer at HAYVN.
“With the closing of our Series A funding, we are able to continue to improve on our core products and expand our offerings beyond OTC trading and custody. Leveraging off the Asset Management strength of our new shareholder Hilbert Group, we will shortly begin providing our clients with secure access to digital currency through a series of bespoke, diversified investment products. The HAYVN Payments ecosystem is also a priority for the business.” he added.
The UAE is poised to be a global hub for the emerging asset class that is digital currency and a flurry of activity in this ecosystem has seen the sector grow rapidly.
The HAYVN platform is built on transparency, regulatory compliance, and security, with a leading OTC desk and a regulated custody offering allowing their clients to buy, sell, and custody large amounts of digital currency both easily and securely.
Christopher Flinos stated that this round of funding will help the organization to further its strategic journey to become the largest global institutional digital currencies platform, to instill trust within the digital asset world, focus on strategic hires within the organization, to become the leading institutional gateway into the crypto currency ecosystem.