Austrian fintech firm Havenex said its Series A round is close to completion while it seeks regulatory authorization from Austria’s Financial Market Authority, or FMA. The company lists Sui co-founder Kostas Chalkias as an adviser and says it is building white-label financial infrastructure for professional institutional investors. Havenex plans to use technologies including continuous proof of solvency and multi-signature custody.
The company said it has applied for all required licenses, but it cannot begin regulated operations until formal approval is granted. Havenex has not disclosed the size of the financing round or the identities of participating investors. The update was reported by crypto.news and cited by Techub News.
Austrian fintech company Havenex said its Series A funding round is nearing completion and that it is applying for regulatory authorization from Austria’s Financial Market Authority (FMA).
The company, which lists Sui co-founder Kostas Chalkias as an adviser, provides white-label financial infrastructure services for professional institutional investors. Havenex said it plans to use technologies including continuous proof of solvency and multi-signature custody.
Havenex also said it has applied for all necessary licenses, but it cannot conduct regulated business before receiving formal approval. The company has not disclosed the size of the round or the list of investors. The development was reported by crypto.news.
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