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Brevan Howard Digital, based in Abu Dhabi, announced on Monday that it has invested $20 million in assets on Kinto, an Ethereum-based network, participating in the firm’s mining initiative.
We’re pleased to announce that @BHDigitalAssets has deployed $20m in assets on Kinto, participating in our mining program.
Learn more in the press release: https://t.co/MkRgmoMOD7— Kinto (@KintoXYZ) February 17, 2025
This investment positions Brevan Howard Digital as one of the initial significant financial institutions to utilize digital assets within Kinto’s framework.
Kinto: The Ethereum-Based On-Chain Portal for Institutional Investors
Kinto serves as an Ethereum-based on-chain financial portal aimed at providing institutional investors with access to opportunities in decentralized finance (DeFi).
The portal is built on a specialized blockchain and features a customized smart contract wallet.
Kinto enables financial entities to allocate capital on-chain while adhering to rigorous legal and compliance standards.
It operates as a Layer 2 network that incorporates Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols at the blockchain level, while also offering default wallet insurance and security measures.
Brevan Howard Digital and Kinto’s Mining Program: How It Operates
According to the announcement, a primary reason for Brevan Howard Digital’s investment is Kinto’s mining program, which is structured to reward active participants who deposit assets on-chain.
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The mining program allocates token emissions over a decade, with rewards gradually decreasing over time. This structure promotes long-term engagement and liquidity within the network.
Mining programs have been gaining traction in the DeFi sector; however, stringent security, technical, and compliance requirements have limited involvement from traditional financial institutions.
Brevan Howard Digital asserts it is among the first major financial firms to utilize digital assets for participation in such a program.
Kinto’s CEO and co-founder, Ramon Recuero, expressed his expectation that similar institutions will become increasingly prominent within the ecosystem in the coming months.
“Institutions have been waiting for two things: regulatory clarity and compliance solutions. Now, through Kinto, financial institutions no longer need to wait,” Recuero stated.
Last year, the DeFi-focused Layer 1 blockchain platform Berachain announced it had secured $100 million in a funding round led by Brevan Howard Digital and Framework Ventures.
You may also like DeFi-Targeted Berachain Raises $100M in Funding Round Led by Brevan Howard Digital
Berachain was founded by anonymous developers Smokey the Bear, Homme Bera, and Dev Bear.
Brevan Howard Digital’s involvement in Kinto demonstrates that robust oversight and open blockchain protocols can function together more seamlessly than many had anticipated.
This move is not solely about short-term returns; it signifies a broader shift towards regulated yet transparent digital finance.
If you have been hesitant about engaging with Decentralized Finance (DeFi), this may provide sufficient real-world assurance to make a considered decision.
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