Alta, formerly known as Metal, has closed a $47.5 million Series A round led by Index Ventures, with participation from GV, Blackbird Ventures, Square Peg and Capital49. The Australian startup now has $80 million in total funding after raising a $32.5 million seed round primarily backed by Airwallex. Alta is developing a Layer 1 blockchain for banks and corporate treasuries, featuring programmable compliance, recursive zero-knowledge proofs, and support for stablecoin payments and tokenized assets. The platform targets approximately 200 countries and 90 currencies for cross-border payments, while Airwallex serves as both an investor and a key distribution partner.
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