Alta has raised $80 million, including $47.5 million in a Series A round, to build blockchain infrastructure for regulated financial institutions. The project combines transaction privacy, programmable compliance and connections to payment networks.
According to CryptoPotato, Alta’s first partner was Airwallex. The integration is expected to support stablecoin operations and access to fiat payment networks in 200 countries and 90 currencies.
Alta’s first product will use tokenized assets to manage liquidity, finance operations on demand and reduce funds held in prefunded accounts.