UAE: 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.
HAYVN, a global institutional digital currencies platform based in Abu Dhabi have clear goals of their own, and today announced that it has closed its 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 HAYVN platform is built on unprecedented levels of 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 organisation to further its strategic journey to become the largest global institutional digital currencies platform, to instil trust within the digital asset world, focus on strategic hires within the organisation, to become the leading institutional gateway into the cryptocurrency ecosystem.
HAYVN is the global standard in institutional digital currency platforms. Our platform provides secure OTC trading and custody capabilities, enabling customers to trade digital currencies simply, safely, and efficiently. Breaking through the complexity of digital currency trading and custody, HAYVN provides unprecedented levels of transparency, security, compliance, and best execution practices, bringing unique trading opportunities to our clients and the markets in which we operate. For more information, you can find us at https://hayvnglobal.com/home
About Red Acre Ventures
Red Acre Ventures is the private investment arm of the Red Acre Group, which provides capital to talented management teams and assists them in executing their vision. Red Acre Ventures have broad experience in consumer software, fintech, and crypto sectors. For more information about Red Acre, please visit https://redacreventures.com/
About Hilbert Group
Hilbert Group started out as an asset manager back in 2018 under the name Hilbert Capital and was co-founded by the current CEO Niclas Sandström and CIO Magnus Holm. Hilbert became a public company in October 2021 with a successful listing on Nasdaq First North. For more information about Hilbert Group, please visit https://hilbert.group/en/