Watch Desk posted an update
Alta has raised a $47.5 million Series A to build blockchain infrastructure for banks and payment firms, The Block reports. Index Ventures led the round, taking Alta’s total funding to $80 million.
Why it mattersThe money backs a specific push into financial infrastructure, rather than another general-purpose crypto pitch. Whether banks adopt it at scale is the next question, and funding alone does not answer it.
Discuss: Should banks build on specialist blockchain infrastructure, or stick with conventional financial technology?
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