PANews reported on December 5 that according to Techinasia, blockchain platform Haven1 has completed a private placement financing of US$4.6 million, with participation from Animoca Brands and KuCoin Ventures. The funds are intended to enhance Haven1's blockchain infrastructure.

The project is dedicated to improving decentralized finance and tokenized real-world assets, and the platform reports having more than 475,000 users on its testnet.