Leveraging Solana’s high-speed, low-cost infrastructure, Huma continues to scale its PayFi network to provide powerful, on-demand liquidity solutions.
San Francisco, CA — Huma Finance, the first Payment Financing (PayFi) network that has recently surpassed $2 billion in transactions, today announced the launch of its protocol on Solana. As the most advanced real-world asset (RWA) protocol to deploy on Solana, Huma’s expansion marks a significant milestone in advancing its PayFi network to provide instant liquidity solutions for global businesses on one of the fastest-growing blockchains. This launch positions Huma to meet the growing payment industry’s demand for affordable, accessible, and secure on-chain payment financing. In tandem with the launch, Huma also unveiled a limited-time campaign on Solana for accredited investors looking for double-digit stablecoin yield.
The Solana network’s growing impact in the global payment industry is highlighted by recent high-profile partnerships, such as Stripe, Shopify and PayPal. Since launching, PayPal’s PYUSD has seen rapid growth, with 88% of its market cap—now over $1 billion—achieved on Solana, demonstrating the network’s capacity to deliver fast, cost-effective solutions on a global scale. Solana’s infrastructure is designed for high throughput, with transaction costs as low as $0.00025 and finality times of approximately 400 milliseconds. This efficiency and scalability make Solana an ideal location for payments and payment financing solutions. With the launch of Huma’s PayFi Network on its blockchain, Solana can grow their payments ecosystem even faster.
Huma’s rapid expansion of its PayFi network underscores the momentum behind PayFi as a powerful solution to the limitations of traditional payment financing. Payment financing supports trillions in transactions each year: $16 trillion in credit card merchant payments, $10 trillion in trade finance, and vital remittances relied upon by one in six families. It is so embedded in our everyday lives that, without it, economic growth would stall. Yet traditional systems are unable to meet demand, constrained by high fees, slow processing times, and pre-funded account requirements, which limits access to liquidity.
Huma is addressing this liquidity gap by continuing to hyper-scale its PayFi network, leveraging the core strengths of blockchain and stablecoin technology to bring trillions in real-world payments volume on-chain, and unlocking new use cases that traditional finance cannot support. Bolstered by its merger with Arf—a leader in on-demand liquidity for cross-border payments—earlier this year, Huma’s platform has already processed over $2 billion in transactions in 2024, with zero credit defaults, and is projected to surpass $10 billion in transaction volume by next year. Huma, which has raised $38 million and is on track to reach $10 billion in payment financing transactions next year, is also piloting DePIN financing use cases on its PayFi network, to accelerate the build out of decentralized infrastructures. Solana happens to have one of the most vibrant DePIN ecosystems.
“PayFi is one of the most important movements in crypto due to its massive impact on businesses and people around the world,” Huma Co-Founder Erbil Karaman said. “To support the rapid growth of the PayFi ecosystem, it's critical that we scale the Huma network as well. Just like PayPal and Stripe, we believe Solana provides one of the best toolkits out there for global payment and financing solutions.”
Karaman added: “We are thrilled to be launching on Solana, and have a series of partnerships lined up with the top projects to make PayFi accessible from every corner of Solana.”
To mark the deployment of its protocol on Solana, Huma and Arf have launched a limited-time campaign specifically designed for accredited investors seeking high-return opportunities. The campaign delivers. This initiative not only underscores PayFi’s ability to stand out in the rapidly growing RWA domain, but also accelerates Huma’s mission of delivering fast, accessible, cost-effective payment financing solutions on a global scale.
About Huma
Huma Finance is the first PayFi network. Huma powers financing of global payments, with instant access to liquidity anywhere, anytime. For more information about Huma and the PayFi network, visit https://huma.finance/
Contact Information:
For press inquiries, please contact ejiro@huma.finance