Alta Raises $47.5 Million to Build Blockchain for Financial Institutions
Financial infrastructure company Alta has closed a $47.5 million Series A funding round, led by venture capital firm Index Ventures, with participation from prominent players such as GV, Blackbird Ventures, Square Peg, and Capital49. This transaction brings the company’s total cumulative funding to $80 million.
The startup, focused on connecting traditional banking with decentralized finance, is developing a layer-1 network designed from the ground up to natively integrate regulatory compliance controls and institutional privacy. With the prior strategic backing of Airwallex as a distribution channel and connection to global payment gateways in over 200 countries, Alta aims to facilitate the issuance of tokenized deposits and optimized cross-border transactions for major banks and financial institutions.
This move reflects accelerated institutional interest in adopting distributed ledger platforms that prioritize strict regulatory compliance over traditional public models. The funds raised will be allocated to expand the network’s technological development, strengthen strategic partnerships in the financial sector, and grow its engineering and regulatory compliance team.
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