ChainThink reports that on August 27, Kostas Kryptos disclosed on X that Havenex is nearing completion of its Series A funding round, having submitted all required licenses and some additional license applications, with the funding amount nearly fully allocated.
Havenex positions itself as an infrastructure provider for financial institutions, designed to support digital and traditional financial assets while meeting regulatory, custody, security, and transparency requirements.
The project plan supports a multi-chain architecture, verifiable custody, continuous solvency proofs, default multi-signature, quantum-resistant keys, hardware two-factor authentication wallets, and self-custody with key recovery mechanisms; where permitted by regulation, it will also support privacy assets and RWA.
Havenex states it will utilize Sui technology where appropriate, while integrating assets from other ecosystems, cross-chain protocols, and foundational components, aiming to establish transparency and security standards distinct from FTX and Mt. Gox, and to mitigate the serious vulnerability risks caused by recent large language model-generated code.