The Binary Holdings Secures $5 Million from ABO
Digital to Fuel Expansion oftheir Decentralised
Network Towards One
Billion Users by 2025
The Binary Holdings Secures $5 Million from ABO Digital to Fuel Expansion of
their Decentralised Network Towards One Billion Users by 2025
Dubai, United Arab Emirates, 4th December 2024, Chainwire
By Chainwire
Dec 4, 2024 Dec 4, 2024
5 min read
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Dubai, United Arab Emirates, December 4th, 2024, Chainwire
The Binary Holdings , a $16.9 billion technology leader, today announced a
strategic investment of up to $5 million from ABO Digital , a digital asset
investment firm providing alternative financing solutions to cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
projects around the world. This investment will power The Binary Holdings to
accelerate its mission of transforming the global digital economy. With a
robust user base of 169 million across multiple verticals, The Binary Holdings
is reshaping how businesses, consumers, and investors interact in the digital
landscape, and is targeting one billion users by 2025. This collaboration will
drive the expansion of a decentralised open network that seamlessly integrates
with Web2 infrastructure while unlocking the full potential of Web3,
empowering businesses and users to benefit from digital services such as cross
border payments, gaming, digital social and other compelling services.
The Binary Holdings has established itself as a central player in
decentralised connectivity, working with a range of partners, including major
telecom providers, to redefine how people and businesses interact across
regions. Through contracts with seven leading telcos and a growing network of
non-telco partners, The Binary Holdings is setting a new benchmark for global
interoperability in digital commerce. At the centre of the Decentralised Open
Network for Distribution and Commerce is The Binary Network, where users,
businesses, and service providers can seamlessly connect and transact across
borders.
By using BNRY, the network’s single digital currency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, The Binary Network is
redefining the way value flows between participants, ensuring that payments
are frictionless and accessible to users worldwide. This bold vision of using
a single digital currency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта across its vast ecosystem enables true
interoperability and cross-pollination amongst its diverse range of partners
in both the telco and non-telco sectors, allowing for commerce to flow in a
way that was previously unimaginable, eliminating the barriers between
platforms and national borders.
The platform's ability to facilitate seamless transactions and
interactions across multiple industries has already garnered attention from
some of the world’s largest companies. With contracts signed with seven major
telcos, The Binary Holdings is on track to reach 1 billion users by December
2025, becoming a true global player in the decentralised economy.
Introducing Millenia - Digital Bank for Seamless Cross-Border Transactions
In Q2 2025, The Binary Holdings will launch Millenia, a digital bank aimed at
simplifying cross-border payments and remittances for users within The Binary
Network. Designed to empower seamless transactions for individuals and
businesses, Millenia will offer a low-cost, fast, and transparent service
powered by the secure decentralised and interoperable infrastructure of The
Binary Network, with BNRY as the primary transaction digital currency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта.
Supporting Multi-Chain Compatibility and Global dApp Growth
The Binary Holdings' blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн infrastructure is gaining strong traction
among dApp developers. Through partnerships with over seven Layer 1 and Layer
2 blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн networks, The Binary Holdings has created unique bridges which
provide dApps immediate access to Binary's expanding user base of 169
million, projected to reach one billion by 2025, creating unmatched engagement
and utility.
By bridging Web2 and Web3, The Binary Holdings addresses a key challenge in
the sector, accelerating Web3 adoption at scale and establishing itself as a
leader in building tangible utility and mass adoption.
“The Binary Holdings is at the forefront of creating a new global standard for
digital distribution and commerce,” said Siddharth Sahi, CBO, The Binary
Holdings. “With the launch of the Binary Digital Bank, support from ABO
Digital, and an expanding network of partners, we’re excited to continue
pushing boundaries and bringing innovative solutions to our global community.”
A Tech Powerhouse in Southeast Asia and the Middle East and a Global Leader in
the Digital Economy through Mass Adoption
The Binary Holdings is rapidly establishing itself as one of the region’s most
valuable and innovative tech companies, with a valuation• Экономика » Финансы » Инвестиции » Инвестиционный анализ of $16.9 billion.
With strong partnerships, an expanding user base, and a commitment to
essential infrastructure, The Binary Holdings is on track to become a global
digital economy leader. Its blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн technology drives innovation• Экономика » Бизнес » Инновация in
decentralized finance• Экономика » Финансы » Инвестиции » Инвестиционный анализ (DeFi), NFTs, gaming, and digital commerce at scale,
building a robust ecosystem that redefines business• Экономика » Бизнес, payments, and global
interactions.
“We are excited to collaborate with The Binary Holdings at such a pivotal time
in the evolution of the digital economy” said Talal Samy, Investment Associate
at ABO Digital. “The company’s ability to innovate, scale, and bring
real-world solutions to a global audience is unmatched. Their groundbreaking
work in creating seamless global interoperability and fostering mass adoption
of decentralised technologies aligns perfectly with our mission, and we are
proud to support them as they continue to shape the future of Web3.”
With ABO Digital’s support and its expanding ecosystem and through real-world
applications, from digital payments to cross-border commerce, The Binary
Holdings is pushing Web3 and blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн into the mainstream.
About ABO Digital
ABO Digital is an investment firm providing alternative financing solutions to
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта projects around the world. It is part of the Alpha Blue Ocean
group, a pioneering multi-family office renowned for its leadership in
alternative finance• Экономика » Финансы » Инвестиции » Инвестиционный анализ and innovative investment strategies. With a global
presence and a commitment to supporting groundbreaking projects, ABO Digital
has established itself as a driving force in fostering technological
advancements and sustainable growth across various sectors, including health,
medical innovation• Экономика » Бизнес » Инновация, and now, blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн technologies.
About The Binary Holdings Limited
Headquartered in Dubai, UAE, and with a global user base of 169 million, The
Binary Holdings Limited is a leading decentralised technology company
committed to creating open, interoperable networks for digital commerce. By
2025, it aims to empower a billion users worldwide with secure, scalable
blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн infrastructure.
Contact
Head of PR
Yousef Batter
White Label Strategy
yousef.batter@whitelabelstrategy.io
Disclaimer: Press release sponsored by our commercial partners.
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