> For the complete documentation index, see [llms.txt](https://docs.huma.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.huma.finance/about-huma/what-is-huma.md).

# What is Huma?

Huma is the first **PayFi network** - powering real-world payment financing with T+0 on-chain settlement. Huma connects global capital to high-quality real-world payment assets such as cross-border settlements, card payments, and payroll advances. Backed by strategic partners, including **Solana, Circle, Stellar Development Foundation (SDF), Galaxy Digital**, and others - with over **$7 billion** in on-chain transactions, Huma delivers institutional-grade credit infrastructure to DeFi, making real yield instant, transparent, and permissionless.

The Huma Protocol is offered in two forms:

* **Huma (Permissionless)** – Launched in **April 2025**, this version is open to all, allowing **retail investors** to participate in Huma pools and join the broader PayFi movement.
* **Huma Institutional** – A **permissioned** protocol designed for **institutional investors** to access curated payment financing and RWA opportunities. This enables licensed financial institutions to scale responsibly while meeting the surging demand for flexible, compliant financial infrastructure.