HAYVN, an Abu Dhabi-based global institutional digital currency platform, has completed its Series A fundraising round, led by Red Acre Ventures and Hilbert Group.
As part of the transaction, the US-based Red Acre Ventures has joined the HAYVN Board of Directors. HAYVN will be able to provide expanded technology solutions for its product offerings because of Red Acre Ventures’ strong technology background.
The HAYVN platform is built on unprecedented levels of transparency, regulatory compliance, and security, with a leading over-the-counter (OTC) desk and regulated custody for their clients to buy, sell and store large amounts of digital currency both effortlessly and securely.
Christopher Flinos Co-Founder & CEO HAYVN
“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. 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.”
Mr. Flinos stated that this round of funding will help the organization to achieve its strategic goals to become the largest global institutional digital currencies platform, instilling trust within the digital asset world, focusing on strategic hires within the organization, to become the leading institutional gateway into the cryptocurrency ecosystem.
Recently, Hilbert Group, a Swedish digital assets specialist acquired a 2.7 percent stake in HAYVN as part of the Series A funding round. The transaction amount for Hilbert Group is $1 million, and the deal will be cash-settled.
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