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Blockchain startup Alta secures funds to build bank compliance network

Blockchain startup Alta raised $47.5 million in a Series A funding round led by Index Ventures. This brings the company's total funding to $80 million following a previous $32.5 million seed round.

  • Alta raised $47.5 million in a Series A funding round led by Index Ventures.
  • Alta is developing a Layer 1 blockchain designed around native privacy and compliance features for financial institutions.
  • Airwallex plans to integrate its global payments infrastructure with Alta to support transactions across 200 countries and 90 currencies.
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