Huma Finance and Arf Merge to Transform Global Finance Through Real World Asset Tokenization [Yahoo! Finance]
CAPITA PLC UNSP/ADR (CTAGY)
NASDAQ:AMEX Investor Relations:
strategicequitycapital.com/investor-relations
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Source: Yahoo! Finance
SAN FRANCISCO and ZUG, Switzerland April 17, 2024 /PRNewswire/ -- Today, Huma Finance, a leading tokenization platform focusing on real world impact, and Arf, a global transaction services platform that provides scalable liquidity for financial institutions, announced the companies have merged to expand global blockchain-powered financial services. The new company expects to surpass $3 billion on-chain liquidity volume by the end of 2024. Global money movement is a critical economic driver, yet it remains a cumbersome system of clearinghouses, market-by-market capital requirements, and country-specific regulations. Currently, $4 trillion [1] is locked in treasury accounts, a massive but hidden working capital burden to financial institutions and the global payments industry. In 2023, the companies partnered to solve this problem, with the support of Stellar Development Foundation, by providing a liquidity on-demand solution backed by real world asset tokenization and Circle's stabl
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