UAE based crypto firm Hayvn launches $5m fundraise

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Vineet Chaudhary
Vineet Chaudhary
Vineet Chaudhary is a content writer with computer applications as his background field. His interests range from writing and photography to going out for trips and rides on weekends.

Hayvn, a UAE based digital currency platform, has launched a $5 million fund-raise and is ready to move on to the next stage of development. The company aims to offer an improved, well-managed service to its clients all over the world.

In 2018, Hayvn organized a seed capital raise round which ended by raising over $600,000 from private investors from the UK, Middle East, Europe, and Asia. The seed round ended after a month of its launch. This funding will be used by Hayvn to boost its capital reserves, roll-out its global regulatory footprint, strengthen compliance, IT infrastructure, and legal infrastructure. Hayvn is also planning to go big with a worldwide marketing campaign.

Ahmed Ismail, CEO, and co-founder of Hayvn thinks that the success of the seed round indicates the trust and confidence that people have in Hayvn’s business model. They have the vision to become the next global standard in institutional digital currency platforms.

Christopher Flinos, the other co-founder of Hayvn, noticed that a lot of investors were showing interest in the emerging asset class platform. He further added that market acceptance is going well, and their teams are ready to make a global launch soon.

Hayvn is granted approval of the Abu Dhabi Global Market’s (AGDM) Financial Services Regulatory Authority to operate as a crypto asset OTC and custodian. Flinos believes that high profile losses in ICO’s are the reason why regulations will have to be taken care of.

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

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