The Binary Holdings, a leading web3 infrastructure provider for telecommunication companies, has successfully closed an $8M funding round. Since its inception, The Binary Holdings has set out to onboard the next billion users to Web3, and industry leaders have taken the opportunity to back the team to achieve this mission. This strategic $8 million round included names such as Luna Media Capital, International Blockchain Consulting Group, A3S Group, Plug and Play Ventures, SOSV, Dutch Tech Sports Fund, Strauss Capital and a group of other distinguished names. Collectively, the investors bring with them a wealth of expertise spanning diverse industries across the realms of both Web2 and Web3, heralding a transformative era of growth and innovation for The Binary Holdings.
"As innovators and initiators at the forefront of web3, we are proud to be strategic investment partners with The Binary Holdings. Their seamless integration of telecommunication and blockchain technology supports their goal of onboarding the next billion users to the web3 space. Together, we are ushering in a new era of connectivity, where the BNRY token serves as the cornerstone of a decentralised, user-centric digital ecosystem, revolutionising telecommunications networks and paving the way for a fully interconnected world." - Nikita Sachdev, founder and CEO of Luna Media Capital
The Binary Holding’s dominance at the intersection of telecommunication and Web3 positions it uniquely to serve telecommunication companies in pursuit of web3 solutions to address challenges concerning user activation, engagement, retention and sustainable revenue growth per user. Since these strategic investors have joined the team, The Binary Holdings has meticulously covered ground across Southeast Asia, expanding into countries like Indonesia, Philippines, Myanmar, Vietnam and others. By partnering with the leading operators in these countries, The Binary Holdings will amass exposure to over 200 million users in the next 12 months.
“The Binary Holdings is attempting to do something no other Web3 company has been able to do. Their mission to redefine web3 infrastructure for the telecom industry combines the power and reach of the telecoms with the democratisation promise of web3 tech, and offers the potential to create real-world results on a truly massive scale. The Binary Holdings is positioned to lead the future of the web3 telecom space as they seek to empower the telecom industry one user at a time”. - Gilly Strauss, CEO of Strauss Capital
In addition to the strategic round, The Binary Holdings also recently concluded an oversubscribed community-exclusive presale, highlighting the immense anticipation among community members who have eagerly awaited their listing for months. Responding to this overwhelming demand, the company has opted to initiate a public presale on several top-tier launchpads, leading up to their highly anticipated listing event scheduled for April 30th, 2024.
Serving as the cornerstone of the TBH ecosystem, the Binary Token ($BNRY) plays a pivotal role in facilitating seamless transactions and interactions for the ecosystem's 40 million users. Combined with TBH's planned cutting-edge layer-2 solution, the BNRY token emerges as a catalyst for widespread adoption of Web3, propelling us closer to a fully
interconnected, blockchain-powered world and empowering the transition of the next billion users into the space.
The Binary Holdings boasts an impressive average monthly user base of 38 million, with 3.3 million active daily users, and over 1.1 million active daily wallet transactions. These staggering figures underscore TBH's commitment to delivering Web3 solutions that resonate with users on a daily basis. Recent integrations, including Lost Club Toys and a strategic investment in TwinMatrix Technologies, which offers cutting-edge digital twin solutions for esteemed clients like Changi Airport, further amplify TBH's impact. These integrations not only unlock advanced user activation and engagement solutions for telecom partners but also enhance the role of the $BNRY token as a facilitator for these dynamic interactions across the ecosystem.
"We are deeply honoured to join forces with leaders and innovators hailing from both the Web2 and Web3 realms. Their unwavering support stands as a resounding endorsement of our vision and the ongoing journey of creating value for our telecom partners and true utility for the BNRY token” - Manit Parikh, CEO of The Binary Holdings
The Binary Holdings continually integrates new partners into its growing ecosystem and universe. Each new partnership enhances the value of the TBH ecosystem, empowering the BNRY token with greater utility. These collaborative endeavours extend across DePin, SocialFi, and DeFi, presenting users with abundant opportunities to engage and access a variety of products and services within the ecosystem.
About The Binary Holdings
The Binary Holdings is a leading Web3 infrastructure provider for Telecommunication, BFSI, Gaming and eWallet companies across emerging economies in Southeast Asia. Headquartered in DIFC, UAE, the company emphasises innovation and opportunity across its diverse business ecosystem.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
