Dubai's Binary Holdings Secures $5 Million to Expand Web3 Vision

Manit Parikh, The Binary Holdings' Founder and CEO

Dubai-based tech giant The Binary Holdings, valued at $16.90 billion, has secured up to $5 million in funding from ABO Digital, aiming to accelerate its mission of reshaping the global digital economy. With 169 million users across various sectors, the platform is targeting a milestone of 1 billion users by the end of 2025, positioning itself as a major force in the decentralised economy.

The partnership focuses on developing a decentralised open network that bridges Web2 and Web3 technologies, enabling seamless access to services such as cross-border payments, gaming, and digital social platforms.

In Q2 2025, The Binary Holdings plans to launch Millenia, a digital bank designed to streamline cross-border transactions and remittances. The bank promises low-cost, fast, and transparent services for businesses and individuals within The Binary Network.

“With the launch of the Binary Digital Bank, support from ABO Digital, and an expanding network of partners, we are excited to continue pushing boundaries and bringing innovative solutions to our global community,” said Siddharth Sahi, Chief Business Officer of The Binary Holdings.

Source: Mubasher