TechFlow reports that Huma Finance, a company focused on real-world asset (RWA) tokenization, has raised $38 million in funding, comprising $10 million in equity investment and $28 million in yield-generating RWAs.
The round was led by venture capital firm Distributed Global, with participation from Hashkey Capital, Folius Ventures, Stellar Development Foundation, and TIBAS Ventures, the venture arm of Turkey’s largest private bank İşbank.
Stellar Development Foundation invested $10 million in the RWA portion, becoming the largest participant.
Huma Finance plans to use the funds to expand its PayFi platform onto the Solana blockchain and Stellar's Soroban smart contract network. The company's merger with Arf is expected to achieve $10 billion in PayFi transaction volume next year.
