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Home»TRADING NEWS»Binary Holdings has secured a $5 million investment from ABO Digital to expand its decentralized network.
TRADING NEWS

Binary Holdings has secured a $5 million investment from ABO Digital to expand its decentralized network.

By Crypto FlexsDecember 15, 20243 Mins Read
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Binary Holdings has secured a  million investment from ABO Digital to expand its decentralized network.
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Partnership to drive growth toward target of 1 billion users by 2025

Binary Holdings, a $16.9 billion decentralized technology company, announced an investment of up to $5 million from ABO Digital, a company specializing in alternative finance for cryptocurrency projects. The funding is expected to accelerate the expansion of Binary Holdings’ decentralized network, which aims to integrate Web2 and Web3 infrastructure and serve 1 billion users by 2025.

Headquartered in Dubai, The Binary Holdings operates a global ecosystem connecting 169 million users across industries including payments, gaming, and digital commerce. The company leverages its proprietary platform, The Binary Network, to enable seamless cross-border transactions and interactions. The platform’s main feature is BNRY, an integrated digital currency designed to facilitate seamless transactions between users, businesses and service providers.

Through agreements with seven major telcos and an expanding network of non-telco partners, The Binary Holdings is positioning itself as a leader in decentralized digital commerce. The company’s infrastructure supports interoperability, allowing users and businesses to interact without barriers between platforms or borders.

Millenia Digital Bank launched

As part of its expansion, The Binary Holdings plans to launch Millenia, a digital bank designed for cross-border payments and remittances, in the second quarter of 2025. Millenia will provide a cheap, fast, and transparent platform based on Binary Network’s decentralized infrastructure. . BNRY serves as the primary currency for transactions and highlights the network’s focus on interoperability and accessibility.

Blockchain ecosystem expansion

Binary Holdings is also working with several blockchain networks to support decentralized applications (dApps). Partnerships with more than seven layer 1 and layer 2 blockchains give developers access to the company’s growing user base and infrastructure. This strategy aims to promote widespread adoption of decentralized technologies by bridging the gap between Web2 and Web3.

“Binary Holdings is setting a new standard in global digital commerce,” said Siddharth Sahi, Chief Business Officer at The Binary Holdings. “With the launch of Millenia, the support of ABO Digital, and our expanding partner network, we are committed to delivering innovative solutions that empower businesses and users around the world.”

Supported by ABO Digital

Talal Samy, head of investment at ABO Digital, expressed optimism about the collaboration. “Binary Holdings’ ability to scale and deliver real-world solutions aligns with our mission to foster the growth of decentralized technologies,” said Samy. “We are proud to support their efforts to drive Web3 adoption and create a more connected digital economy.”

Pioneering decentralized commerce

Binary Holdings has established itself as a key player in the global digital economy, particularly in Southeast Asia and the Middle East. Blockchain technology powers innovations in decentralized finance, gaming, and digital commerce, creating a powerful ecosystem that redefines business and payment processes. With a clear vision for mass adoption, the company is poised to lead the evolution of the decentralized digital economy.

ABO Digital’s investment marks an important step in Binary Holdings’ journey toward mainstream adoption, with a focus on practical applications such as cross-border payments and decentralized commerce. This collaboration highlights the growing role of blockchain technology in shaping the future of the global digital landscape.

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