Zug, Switzerland, December 5th, 2024,
Chainwire
Holyheld, a leading Swiss crypto payments startup,
announced today that it has secured funding to accelerate BRRR
protocol with investment from Toyota Ventures, TempleDAO, Tomahawk
VC, Prismatic Capital, Zee Prime Capital, Polygon, Kosmos Ventures,
Moonlanding Ventures, as well as from angel investors from leading
projects including Lido, Olympus, Dinero, Paragon, Superfluid,
vfat, Inverse Finance, Daedalus, DCV, Generative Ventures, and
Vamient. In an effort to fill the critical infrastructure necessary
for users to transact globally with merchants instantly, Holyheld’s
BRRR protocol aims to connect public blockchain networks,
traditional payment, and card networks to create a global layer of
real-time payments.
“This opportunity consolidates our lead in the market,
and fuels our drive to redefine how real-time clearing of payments
should work,” said Anton Mozgovoy, Holyheld CEO. “With our
technology of global stablecoin orchestration, we’re
well-positioned to transform how users and businesses conduct
business today with payments of tomorrow.”
BRRR’s protocol is used to power Holyheld’s app, a leader in the
European market in the segment of Web3 payments apps, which offers
a cash account with a debit card available to residents of 30
European countries. Users of the Holyheld app can connect any
self-custody wallet and use their cryptocurrency for daily
purchases. This enables traditional consumer behaviors, like
swiping or tapping a credit card or mobile device for payment,
while users maintain self-custody of their funds.
“This funding is an essential step as we work towards
our vision of enabling crypto customers and fintechs to build new
payment settlement and reconciliation solutions using crypto.” Dr.
Anton Zagorodnikov, Holyheld co-founder and CTO,
added.
The new funding will allow Holyheld to continue expanding the
protocol to more clients and payment networks globally. Holyheld
has integrated over one hundred leading crypto protocols across 15
blockchain networks. The company’s BRRR has also orchestrated over
$100M in volume since its launch in April of 2023.
“Holyheld turns any self-custody wallet into a personal
IBAN and a debit card, which enables users to have a frictionless
digital wallet experience,” said Chris Abshire, principal, Toyota
Ventures. “We are excited to work with Holyheld’s team as they
build the leading on-chain clearing house.”
To learn more about Holyheld, users can visit https://holyheld.com/ or https://holyheld.com/BRRR
About Holyheld
Founded in 2022, Holyheld is committed to enabling crypto
customers and fintech to build new payment settlement and
reconciliation solutions using stablecoins. With offices in Zug,
Switzerland and Vilnius, Lithuania, the company’s first product is
a Web3 debit card that allows users to make traditional payments
with digital assets. Holyheld’s Blockchain Reconciliation
and Remittance Record (BRRR) protocol enables consumers who are
invested in blockchain-related assets to have significant
purchasing power in the real world. To learn more about Holyheld,
users can visit https://holyheld.com/ or
https://holyheld.com/BRRR.
Contact
Holyheld
Labs
hello@holyheld.com