TechFlow news, December 4 — According to Decrypt, Binary Holdings, a technology company valued at $16.9 billion, has announced securing up to $5 million in strategic investment from digital asset investment firm ABO Digital. The company currently serves 169 million users and has established partnerships with seven major telecom operators, aiming to surpass one billion users by December 2025.
Binary Holdings plans to launch its digital bank Millenia in Q2 2025, focusing on cross-border payments and remittances, with its native token BNRY serving as the primary transaction currency. The company's Chief Commercial Officer, Siddharth Sahi, stated that through collaboration with seven Layer 1 and Layer 2 blockchain networks.
Talal Samy, Investment Manager at ABO Digital, noted that Binary Holdings has demonstrated strong capabilities in driving mass adoption of decentralized technologies, aligning closely with ABO’s investment philosophy due to its innovation and global expansion strategy. Currently, Binary Holdings is leveraging a decentralized open network to integrate Web2 infrastructure with Web3 functionalities, delivering digital services such as cross-border payments, gaming, and social platforms to users.
