Huma Finance Secures $38M to Expand Tokenized RWA-Based PayFi Platform
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
Huma Finance has raised $38 million in a funding round aimed at expanding its payment-financing (PayFi) platform, which leverages tokenized real-world assets (RWA).
The investment includes $10 million in equity and $28 million in yield-bearing RWAs, according to a recent report by Insider.
The equity round was spearheaded by Distributed Global, with notable backing from Hashkey Capital, Folius Ventures, Stellar Development Foundation, and TIBAS Ventures, the venture arm of Turkey’s largest private bank, İşbank.
Meanwhile, Stellar Development Foundation led the RWA portion of the funding, contributing $10 million.
The tokenized RWAs consist of multitranche bonds with varying maturities, wrapped into exchange-traded products.
These were issued by Arf Capital, a Switzerland-based firm operating under Swiss Distributed Ledger Technology (DLT) laws.
Huma co-founder Erbil Karaman highlighted this in an email interview, underscoring the regulatory compliance that underpins the investment.
Huma Finance plans to use the funds to extend its platform to additional blockchain ecosystems, including Solana and Stellar’s Soroban smart-contract network, in the coming months.
Announcing $38M in funding to hyper-scale our PayFi Network! This round fuels our mission to transform global payment financing.
Read more: https://t.co/4veDkOaRz8 pic.twitter.com/plCVeZFORJ
Tokenized RWAs are emerging as a key application of blockchain technology, enabling financial institutions to move assets like bonds and credit onto distributed ledgers.
The shift promises
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