Thursday December 26th, 2024
Download The SceneNow App

UAE-Based The Binary Holdings Secures $5 Million From ABO Digital

The Binary Holdings operates a blockchain-based network that enables cross-border transactions for businesses and consumers.

Cairo Scene

The Binary Holdings, a UAE-based technology company valued at $16.9 billion, has secured a $5 million investment from ABO Digital, a digital asset financing firm. This investment supports the company’s mission to expand its decentralised platform for global digital commerce.

At its core, The Binary Holdings operates a blockchain-based network that enables seamless cross-border transactions and interactions for businesses and consumers. The platform integrates Web2 infrastructure with Web3 technologies to support digital payments, gaming and other services. Central to this ecosystem is the Binary Network, which uses a unified digital currency, BNRY, to ensure frictionless payments across its global user base.

The company has partnered with seven major telecom providers and numerous other businesses to build a network that promotes interoperability between platforms.

In Q2 2025, The Binary Holdings will launch Millenia, a digital bank designed to simplify cross-border payments for individuals and businesses. The company also collaborates with blockchain developers to create applications that leverage its ecosystem, aiming to grow its user base to 1 billion by 2025.

×

Be the first to know

Download

The SceneNow App
×