Alta raises $47.5M Series A to build a compliance-first blockchain for banks

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Startup Alta raised $47.5 million in a Series A round led by Index Ventures to build a Layer 1 blockchain designed around compliance. The round, which also included GV, Blackbird Ventures, Square Peg and Capital49, brings the company’s total funding to approximately $80 million following a $32.5 million seed round. Its platform features an integrated compliance layer that automatically applies jurisdiction-specific regulations at the protocol level, alongside privacy controls. Alta says it supports payments across more than 200 countries and 90 currencies, targeting institutional use cases such as tokenized deposits, real-time foreign exchange, cross-border payments and integrated yield systems. The company was co-founded by Loong Wang and Catherine Porter, a former Meta executive.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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