ModaChain completes strategic financing with a valuation of $100 million, focusing on global payment scenarios.

[Coin World] On August 23, MovaChain, a modular blockchain platform designed for global payment scenarios, announced the completion of its strategic financing, with a post-investment valuation of $100 million. This round was led jointly by the Aqua1 Foundation and UAE's GeoNova Capital, with participation from other top financial institutions in Abu Dhabi. The Aqua1 Foundation is a leading Web3 investment fund in the UAE that focuses on blockchain infrastructure, financial protocols, and real asset tokenization, and it gained significant attention for investing $100 million in a certain encryption platform. GeoNova Capital, on the other hand, is a fund established with investments from Standard Chartered Bank, several UAE institutions, and family offices, focusing on practical investments in high-growth sectors, collaborating widely with sovereign funds, family offices, and private sales, and striving to achieve long-term value creation through deep engagement.

This financing will help MovaChain fully advance its three strategic priorities: building a modular, high-performance infrastructure to meet institutional-level application needs globally; expanding the global payment network and stablecoin settlement solutions to open up multidimensional payment channels; accelerating ecosystem development and engaging in global cooperation with governments, financial institutions, enterprises, and developers. Mova co-founder Stephen Wong stated: "Being recognized by the most strategically visionary investment institutions in the UAE is a strong endorsement of our efforts to build an institutional-level, scalable blockchain infrastructure for global payment scenarios."

MovaChain is redefining Web3 infrastructure with its modular architecture, high performance, and global payment capabilities, building a trusted base for the next generation of the digital economy.