Holyheld Secures Investment to Launch Blockchain Reconciliation, Remittance Record

Holyheld’s BRRR protocol links blockchain and conventional networks for real-time transactions. Holyheld, a prominent Swiss cryptocurrency payments startup, announced today that it has obtained financing to expedite the BRRR protocol with backing from Toyota Ventures, TempleDAO, Tomahawk VC, Prismatic Capital, Zee Prime Capital, Polygon, Kosmos Ventures, Moonlanding Ventures, along with contributions from angel investors involved in notable projects such as Lido, Olympus, Dinero, Paragon, Superfluid, vfat, Inverse Finance, Daedalus, DCV, Generative Ventures, and Vamient. To address the essential infrastructure required for users to transact instantly with merchants on a global scale, Holyheld’s BRRR protocol seeks to link public blockchain networks, traditional payment systems, and card networks to establish a worldwide layer of real-time payments.

“This opportunity fortifies our position in the market and propels our ambition to redefine the functionality of real-time payment clearing,” stated Anton Mozgovoy, CEO of Holyheld. “With our technology focused on global stablecoin orchestration, we are well-equipped to revolutionize how users and enterprises engage in commerce today with the payments of tomorrow. ”

The BRRR protocol powers Holyheld’s application, a frontrunner in the European market for Web3 payment applications, which provides a cash account alongside a debit card accessible to residents of 30 European nations. Users of the Holyheld app can link any self-custody wallet and utilize their cryptocurrency for everyday expenditures. This facilitates traditional consumer practices, such as swiping or tapping a credit card or mobile device for transactions, while users retain self-custody over their assets.

“This funding represents a crucial advancement in our pursuit of enabling crypto users and fintech firms to develop innovative payment settlement and reconciliation solutions utilizing cryptocurrency,” added Dr. Anton Zagorodnikov, co-founder and CTO of Holyheld.

The new investment will empower Holyheld to further extend the protocol to additional clients and payment networks worldwide. Holyheld has integrated over one hundred leading cryptocurrency protocols across 15 blockchain networks. The company’s BRRR has also managed over $100 million in volume since its inception in April 2023.

“Holyheld transforms any self-custody wallet into a personal IBAN and a debit card, which allows users to experience a seamless digital wallet interaction,” remarked Chris Abshire, principal at Toyota Ventures. “We are enthusiastic about collaborating with Holyheld’s team as they develop the foremost on-chain clearing house. ”