Huma, a Payment Financing (PayFi) network, raised $38 million led by Distributed Global with backing from the Stellar Development Foundation, Hashkey Capital, and others. The SDF invested $10 million in Arf's RWA assets, and Huma plans to expand to Stellar and Solana.
Huma announced a $38 million funding round led by Distributed Global, with significant participation from the Stellar Development Foundation, Hashkey Capital, Folius Ventures, and TIBAS Ventures. The SDF contributed $10 million specifically toward Arf's high-yield real world assets following Huma's April merger with Arf. Huma and Arf have processed $1.8 billion in payment financing transactions and aim for $10 billion next year. The company plans to expand its PayFi network to Stellar and Solana in coming months. Huma will launch the Huma Foundation this year to decentralize its network and will host the inaugural PayFi Summit at Singapore Token 2049 in September with the Solana Foundation and Stellar Development Foundation.
