RWA platform Huma Finance merged with Arf, a liquidity and settlement platform focused on cross-border payments, to increase the adoption of tokenized assets. As part of the transaction, Huma and Arf will become part of the newly formed holding entity 00 Holdings Inc. The two companies will continue to operate separately under their existing names and brands, and the venture capitalists of the two companies will become shareholders of the holding entity 00 Holdings. Huma and Arf signed the documents in November last year, and the legal procedures are expected to be completed later this month.
Erbil Karaman, co-founder and co-CEO of Huma Finance, did not disclose the terms of the transaction, but said that the new entity is completing a large round of financing after the merger. Erbil Karaman said that Huma is currently online on Polygon and Celo, and is expected to be launched on Stellar's new smart contract platform Soroban in the coming months. (The Block)