Dubai – Sharikat Mubasher: The Binary Holdings, a UAE-based tech firm valued at $16.9 billion, managed to secure a strategic investment of up to $5 million from ABO Digital.
This fresh capital will help accelerate the company’s mission of transforming the global digital economy, according to its press release.
With 169 million users across multiple verticals, The Binary Holdings aims to reach 1 billion users by 2025.
This collaboration will drive the expansion of a decentralized 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.
Commenting on this, Siddharth Sahi, CBO at The Binary Holdings said: “The Binary Holdings is at the forefront of creating a new global standard for digital distribution and commerce. 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.”
The Binary Holdings has emerged as a key leader in decentralized connectivity, collaborating with a diverse network of partners, including major telecom providers, to revolutionize interactions between people and businesses across regions.
By securing contracts with seven top-tier telcos and expanding its partnerships beyond the telecom sector, The Binary Holdings is redefining global interoperability in digital commerce. At the heart of its Decentralised Open Network for Distribution and Commerce lies The Binary Network, a platform enabling seamless cross-border connections and transactions for users, businesses, and service providers.
