Crypto Asset Management Platform Haru Invest Obtains VASP Authorization for EU Operation from Lithuania
The CeFi investment platform, which recently conducted a $9 million Series A investment in Canadian crypto miner is now licensed to operate as a cryptocurrency service provider in Lithuania
Seoul, South Korea, March 27, 2023 /PRNewswire/ — Haru Invest, a leading digital asset management platform, today announced that Haru EU Limited UAB, its EU-registered subsidiary, has become an authorized Virtual Asset Service Provider (VASP) for its operation in the EU based in Lithuania. As an authorized VASP, Haru Invest can now provide crypto exchange and wallet/custody service, paving the way to become a full-fledged cryptocurrency exchange with a fiat gateway.
“Haru Invest has become stronger than ever, even during the volatile market situation, so we are very committed to crypto regulations,” said Hugo Lee, CEO of Haru Invest. “Achieving a VASP registration is one of many milestones for our business, and it will help build confidence in the crypto industry for our members by providing secure and compliant digital asset management services. “
This VASP authorization officially allows the company to directly support the Euro currency, allowing European Union countries to buy and trade between crypto and Euro seamlessly.
As part of the VASP registration process, Haru Invest underwent a thorough assessment of its compliance and risk management procedures, as well as due diligence on its corporate governance and business operations.
Lithuania has become a leader in the European crypto industry, known for its crypto-friendly regulatory environment, and is home to growing blockchain businesses. Considered a fintech hub in the EU with state-of-the-art financial infrastructure, Haru Invest aims to grow its business from Lithuania.
The centralized finance company’s (CeFi) strong in-house digital asset management team uses algorithmic and high-frequency trading strategies that take advantage of market inefficiencies and gaps to generate profits. Haru Invest has members in over 140 countries and has handled over $2.27 billion of total transaction volume without security breaches, late withdrawals or missed payments.
About Haru Invest
Haru Invest, a service brand subsidiary of Block Crafters, is a successful CeFi digital asset investment platform that has built a secure bridge between crypto, decentralized investment services and traditional finance, with $2.27 billion in the total volume of transactions. Haru Invest supports five crypto assets – Bitcoin, Ether, Tether, Ripple and USDC – with a level of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years of experience in various crypto fund management strategies, based on a trading model that takes advantage of 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 in digital assets.
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