Crypto Asset Management platform Haru Invest receives VASP authorization for its EU operation from Lithuania
CeFi investment platform, which recently led a $9 million Series A investment in Canadian crypto miner, is now allowed to operate as one cryptocurrency service provider i Lithuania
SEOUL, South Korea, March 26, 2023 /PRNewswire/ — Haru Invest, a leading digital asset management platform, today announced that Haru EU Limited UAB, its EU incorporated subsidiary, has become an authorized Virtual Asset Service Provider (VASP) for its EU operations based in Lithuania. As a VASP-authorized business, Haru Invest can now offer crypto exchange and wallet/custodial service, opening a path to becoming a full-fledged cryptocurrency exchange with a fiat gateway.
“Haru Invest has grown stronger than ever, even during the volatile market situation, so we are very keen on crypto regulations,” said Hugo Lee, CEO of Haru Invest. “Obtaining a VASP registration is one of many milestones for our company and it will help build confidence in crypto industry for our members by providing secure and compliant digital asset management services.”
This VASP authorization officially allows the company to support the Euro currency directly, allowing EU countries to buy and trade between crypto and Euro seamlessly.
As part of the VASP registration process, Haru Invest has undergone a thorough evaluation of its compliance and risk management procedures, as well as due diligence of the company’s corporate governance and business operations.
Lithuania has emerged as a leader in Europe crypto industry, known for its crypto-friendly regulatory environment, and is home to growing blockchain companies. Haru Invest has been evaluated as a fintech hub in the EU with leading financial infrastructure, and aims to expand its business starting in Lithuania.
The centralized finance company (CeFi)’s strong in-house digital asset management team uses high-frequency algorithms and trading strategies that exploit market inefficiencies and gaps to generate profits. Haru Invest has members in over 140 countries and has dealt with over 2.27 billion dollars total transaction volume with zero security breaches, late withdrawals or missed earnings payouts.
About Haru Invest
Haru Invest, a subsidiary of Block Crafters, is a successful digital asset CeFi investment platform that built a secure bridge between crypto investment services, decentralized and traditional finance, with 2.27 billion dollars in total transaction volume. Haru Invest supports five crypto assets – Bitcoin, Ether, Tether, Ripple and USDC — with a variety of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years of experience in various strategies crypto fund management, based on a trading model that exploits market inefficiencies to generate stable profits. With users in over 140 countries, Haru Invest is committed to educating and guiding crypto owners at all levels to achieve stable and profitable investment goals for digital assets.
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SOURCE Haru Invest
