Havenex nears Series A close ahead of launch using Sui technology

Havenex, an institutional crypto infrastructure platform, is in the final stages of closing its Series A funding round, Kostas Kryptos, co-founder of Sui developer Mysten Labs, said. The platform aims to build infrastructure that does not compete with existing exchanges and can offer both crypto and traditional financial assets while meeting regulatory and transparency standards for financial institutions. Havenex plans to support multichain environments, custody, and quantum-resistant security keys, and intends to use Sui technology where appropriate. Kryptos said Kryptos will serve in an advisory role for the launch of Havenex.