Huma secures $38m investment, eyes expansion to Solana and Stellar

Huma Finance, a tokenized real-world assets platform that aims to scale its payments finance network, has raised $38 million in funding.

According to the announcement made on September 11, the platform’s equity investment round was led by Distributed Global, with private sector institutions including Hashkey Capital, Stellar Foundation, Folius Ventures and Türkiye İş Bankası also participating.

Huma plans to use the $10 million equity financing and $28 million investment through yield-generating RWAs to expand its PayFi network globally. In a blog post, Huma noted that it plans to go live on the smart contracts network of Solana (SOL) and Stellar (XLM) in the coming months.

The platform will also launch the Huma Foundation later this year, while it is set to host its first PayFi Summit at Singapore Token 20149 alongside the Solana Foundation and the Stellar Development Foundation.

Huma Finance to hyperscale its network

Huma Finance offers a payment finance platform that provides access to liquidity on the blockchain, enabling businesses and individuals to benefit from global money transfers, blockchain efficiency and lower transaction costs.

Huma’s PayFi network aims to leverage the growing adoption of RWA, payments, and decentralized finance to bring the benefits of crypto and blockchain to the mainstream market. The company sees the potential to carve out a portion of the $16 trillion credit card financing market and $10 trillion B2B market for global merchants.

“PayFi is the creation of new financial markets around the time value of money. On-chain finance can enable new financial primitives, product experiences, and financial access that are impossible in traditional or even Web2 finance. When I met with the Huma team, it was immediately clear that they would be a great anchor for the PayFi ecosystem within Solana.”

Solana Foundation President Lily Liu.

The real-world asset market is seeing significant developments and adoption, with trends such as the expansion of tokenization beyond real estate into sectors such as intellectual property and non-fungible tokens. Huma recently noted that this is a growth trajectory that is likely to push NFTs off the ‘dead’ path.

The untapped opportunities in the market have increased institutional interest as blockchain solutions bring transparency, efficiency, and accuracy to data in the RWA space.