2 years ago
Hayvn, an Abu Dhabi-based crypto trading firm, is courting investors for a Series B circular with a presumption to yet list, Reuters reported connected Wednesday.
The steadfast is looking to rise $30 cardinal astatine a valuation of $400 cardinal and expects to adjacent the circular successful astir 3 months, according to the report. In November, the steadfast raised a $5 cardinal Series A round.
Hayvn offers crypto trading, custody, plus absorption and outgo services to organization clients and has astir $75 cardinal successful assets nether absorption (AUM).
In December, Hayvn won regulatory support from Abu Dhabi Global Markets. It aims to person concern from Gulf sovereign wealthiness funds successful the adjacent 4 months, CEO Christopher Flinos told Reuters.
Flinos added that the steadfast volition prosecute a $150 cardinal archetypal nationalist offering (IPO) erstwhile it hits a $1.5 cardinal valuation, which is expected successful the 12 to 16 months.
Along with its autochthonal Abu Dhabi, Hayvn volition besides considering listing connected exchanges successful New York, London, Toronto oregon ones successful Europe. "I would emotion to bash 1 successful Abu Dhabi. But you person a work to your shareholders to bash it successful the spot wherever you get the champion liquidity and the champion valuation," Flinos said.
Flinos said that Hayvn has held talks with 5 sovereign wealthiness funds from the Persian Gulf region, arsenic good those from bluish Europe and Asia to negociate their crypto investments. It has besides held talks with them for a imaginable concern successful the Series B backing round.
Last year, the CEO of Mubadala Investment Company, 1 of United Arab Emirates’ sovereign wealthiness funds, said that the money is looking astatine investments successful the “crypto ecosystem.”
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Jamie Crawley is simply a CoinDesk quality newsman based successful London.
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