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Blockchain startup Alta secures funds to build bank compliance network
Image: Crypto.newsBlockchain 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 is developing a Layer 1 blockchain with built-in privacy and compliance features for banks and financial institutions. Airwallex plans to integrate its global payments infrastructure with Alta to connect stablecoin transactions across 200 countries and 90 currencies.
Key points
- 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.
Why it matters
Financial institutions can use the new blockchain infrastructure to process cross-border payments and stablecoin settlements while maintaining regulatory compliance and privacy controls.
Sources · 4 publishers
The Defiant
Tier 1
Alta Raises $47.5 Million for Bank-Focused Blockchain
Crypto Briefing
Tier 2
Alta raises $47.5 million Series A led by Index Ventures for compliance-first blockchain
The Block
Tier 1
Alta raises $47.5 million Series A to build a blockchain for financial institutions
Crypto.news
Tier 2
Alta raises $47.5M for blockchain backed by crypto skeptic Jack Zhang
Coverage timeline
- First reported by Crypto Briefing
- Also reported by The Defiant
- CryptoVideos brief published
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