Backed by Index Ventures and connected to Airwallex, Alta wants financial institutions to move money across borders without relying on fragmented settlement systems.
Alta has raised $47.5 million in a Series A led by Index Ventures, bringing its total funding to $80 million.
GV, Blackbird Ventures, Square Peg and Capital 49 participated.
The company was co-founded by Loong Wang, Catherine Porter and Airwallex co-founder Jack Zhang.
Wang previously co-founded blockchain interoperability company Ren, while Porter held a leadership role connected to Meta's digital currency initiative.
Why Build Another Blockchain?
Public blockchains already support billions of dollars in transfers, but regulated financial institutions need more than transaction speed.
Banks must enforce identity requirements, protect sensitive financial information and comply with regulations across jurisdictions.
Alta is developing blockchain infrastructure where privacy and compliance controls are integrated into the network.
The company wants financial institutions to transfer assets and settle payments globally with fewer intermediaries.
Airwallex is an early strategic partner and plans to connect its international payments network to Alta's infrastructure.
From Cross-Border Payments to Treasury Management
Alta's initial products target the financial inefficiencies created when companies need to hold money in multiple markets before making payments.
It also plans to support tokenized financial assets and more efficient treasury management.
The opportunity is substantial, but adoption will require regulatory compatibility, bank integrations and operational reliability.
Alta is betting that institutional demand for programmable money will create a market for financial infrastructure specifically designed for regulated businesses.
Founders: Loong Wang, Catherine Porter and Jack Zhang. Investors: Index Ventures, GV, Blackbird, Square Peg and Capital 49.