Web3 settlement platform Arf raises $13m from investors including Circle Ventures, Hard Yaka, and SDF

10/26 01:32

According to Prnewswire, Arf, The VQF-regulated global settlement banking platform using Web3 technologies, has raised $13 million in equity and debt financing in a seed round from notable investors across Web3 and institutional finance space. Circle Ventures joined the round alongside the Stellar Development Foundation (SDF), United Overseas Bank (UOB) Venture Management, Signum Capital, Hard Yaka, NGC Ventures, Blockchain Founders Fund, and 500 Emerging Europe. The firm intends to use the cash injection to further develop its blockchain-based technology to provide global treasury management and working capital credit lines for financial institutions and licensed money service businesses alike operating in the cross-border payments industry.
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