UAE Based HAYVN digital asset exchange launches 5 million USD capital raise
HAYVN, the global digital currencies platform, is raising up to $5m to fuel the next stage of the company’s growth. This follows its successful 2018 seed capital raise which closed just one month after launch and raised over $600,000 from private investors across the UK, Middle East, Europe and AsiaPac.
HAYVN offers clients a highly secure and compliant platform to buy, sell and offer custody services for digital currencies. HAYVN was recently granted in-principle approval (‘IPA’) from the Financial Services Regulatory Authority of Abu Dhabi Global Market (‘ADGM’), to operate as a crypto asset OTC and custodian. HAYVN is focused on offering a regulated service to clients globally and plans on quickly taking its regulatory footprint beyond Abu Dhabi, to Switzerland, London and Hong Kong. The Company has also established a close global partnership with cryptographic security expert nCipher Security. Christopher Flinos, HAYVN Co-Founder, said: “We continue to see considerable interest from institutional investors in this emerging asset class. With the HAYVN platform now operational, we are looking forward to welcoming a new investor base who will support our vision to take HAYVN global. With market sentiment strong, our platform operational and the management team ready to execute a global roll-out, this is a very exciting opportunity for HAYVN and our investors.”i
The proceeds will be used to boost HAYVN’s regulatory capital reserves, roll-out its global regulatory footprint, strengthen compliance, legal and IT infrastructure, and to facilitate recruitment of key hires for the next stage of growth. HAYVN will also use the proceeds to launch a global marketing campaign to communicate the unique trading opportunities available for institutional investors on the HAYVN platform. Ahmed Ismail, HAYVN CEO and Co-Founder, commented: “The speed of execution and success of our seed round was a clear vote of confidence in HAYVN’s business model and our vision to become the new global standard in institutional digital currency platforms. We would like to thank our existing investors and stakeholders for the confidence they have placed in HAYVN, and we look forward to broadening our investor base through this capital raise.”