What is the 70th Binance LaunchPool HUMA?
Huma Finance is a decentralized PayFi network based on blockchain, aiming to provide fast, transparent, and borderless financial services by tokenizing real-world assets (RWA) and leveraging future income.
Introduction to Huma Finance
Huma Finance connects global investors and borrowers, offering financing solutions based on future income or accounts receivable, addressing the inefficiencies, high costs, and long settlement times of traditional payment systems. It mainly serves scenarios such as cross-border payments, credit card settlements, and trade financing, and operates on multiple chains including Solana, Stellar, and EVM, with a cumulative transaction volume exceeding $3.8 billion and credit origination over $2.3 billion.
Advantages of Huma Finance
1/ Low cost and high efficiency: Huma utilizes high-performance networks like BNB Chain and Solana, offering fast speed and low fees, superior to traditional financial systems.
2/ Open collaboration strategy: By partnering with compliant stablecoins like USDC and PYUSD, it eliminates the hassle of building infrastructure, accelerating market expansion and optimizing user experience.
3/ Comprehensive applicability: Supports various financial services including revolving credit, accounts receivable financing, trade financing, and decentralized infrastructure (DePIN) financing, covering scenarios like cross-border payments, green financing, and supply chain financing.
4/ Compliance: Collaborates with mature ecosystems to meet regulatory requirements such as anti-money laundering (AML), enhancing institutional trust.
5/ High security: Partners with institutional-grade custody providers like Fireblocks and Coinbase Custody, employing multi-party computation (MPC) wallets and multi-party control mechanisms to ensure asset security.
About Huma Finance's Financing
Huma Finance has raised over $46.3 million in total financing.
1/ Seed round financing of $8.3 million, led by Distributed Global, with participation from Folius Ventures, TIBAS Ventures, and others.
2/ Series A financing of $38 million, led by Distributed Global, with participation from 14 institutions including Hashkey Capital and Stellar.
Huma Finance is an innovative PayFi network that provides efficient and transparent solutions for global payments and lending through blockchain technology and tokenization of real-world assets. Its features include income-supported lending, multi-chain architecture, and the Huma Feathers points system; its advantages lie in low cost, high security, compliance, and wide applicability.
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