TechFlow news, August 22 — According to CoinDesk, trade finance company Haycen announced Friday it has obtained a Digital Asset Business (M) license from the Bermuda Monetary Authority (BMA), allowing it to issue and manage 1:1 collateralized stablecoins in multiple currencies. The company plans to first launch a pound sterling-pegged stablecoin, focusing on serving B2B markets, regulated entities, and non-bank lending institutions. Luke Sully, founder and CEO of Haycen, said this marks a pivotal moment in the company's development, providing global enterprises with innovative stablecoin solutions. Earlier this year, Haycen partnered with Northern Trust, which serves as its fiat custodian, and also received support from the UK government's National Security Strategic Investment Fund (NSSIF).
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
