Alta raises $47.5 million Series A to build a blockchain for financial institutions

Blockchain infrastructure startup Alta has raised $47.5 million in a Series A funding round led by Index Ventures, bringing its total funding to $80 million. The company is developing a blockchain tailored with privacy and compliance controls for financial institutions, with payments firm Airwallex joining as an early partner. Alta's initial product will help businesses manage idle cash through just-in-time funding and yield-bearing tokenized assets. Open article →