Binary Holdings received a $5 million strategic investment from ABO Digital and plans to launch the digital bank Millenia next year

ChainCatcher news, according to Decrypt, the technology company Binary Holdings, valued at $16.9 billion, announced that it has received a strategic investment of up to $5 million from digital asset investment firm ABO Digital. The company currently has 169 million users and has established partnerships with 7 major telecom operators, planning to exceed 1 billion users by December 2025.

Binary Holdings will launch its digital bank Millenia in the second quarter of 2025, focusing on cross-border payments and remittances, using its native token BNRY as the primary transaction currency. The company's Chief Business Officer Siddharth Sahi stated that they are collaborating with 7 Layer 1 and Layer 2 blockchain networks.

ABO Digital's investment manager Talal Samy pointed out that Binary Holdings has excelled in driving the large-scale application of decentralized technology, and its innovative capabilities and global layout align closely with the company's investment philosophy. Currently, Binary Holdings is integrating Web2 infrastructure with Web3 functionalities through a decentralized open network to provide users with digital services such as cross-border payments, gaming, and social networking.