RWA project Huma Finance completes $38 million financing, led by Distributed Global

Odaily Odaily News: Huma Finance, a company focusing on the tokenization of real-world assets (RWA), recently completed a $38 million financing, including $10 million in equity investment and $28 million in income-based RWA. This round of financing was led by venture capital firm Distributed Global, with participation from Hashkey Capital, Folius Ventures, Stellar Development Foundation, and TIBAS Ventures, the venture capital arm of İşbank, Turkey's largest private bank. The Stellar Development Foundation invested $10 million in the RWA portion, becoming the largest participant. Huma Finance plans to use the funds to expand its payment financing (PayFi) platform to the Solana blockchain and Stellar's Soroban smart contract network. The company's merger with Arf is expected to achieve $10 billion in payment financing transactions next year. (Coindesk)