Alta raised $47.5 million for blockchain development for banks

On November 10, 2026, Alta announced it had raised $47.5 million in a Series A funding round led by venture firm Index Ventures. The round also included participation from GV (Google Ventures), Blackbird Ventures, Square Peg, and Capital 49. With the previously secured $32.5 million in seed funding, Alta's total raised investment has reached $80 million.

The startup is developing blockchain infrastructure for banks, payment providers, and other financial organizations. The company plans to integrate international settlements, currency operations, and liquidity management into a single technological system. The funds raised will be directed towards further development, expanding the partner network, and hiring engineering and financial compliance specialists.

How Alta Plans to Use Blockchain in Banking Settlements

According to Alta co-founder and CEO Loong Wang, existing blockchain networks do not always meet the privacy and transaction control requirements of large financial organizations. Therefore, the startup is developing its own infrastructure, where transaction verification and access management mechanisms will be built directly into the system.

Alta's technology is based on recursive zero-knowledge proofs. This approach allows for the confirmation of certain conditions without revealing all the information used in the verification process. The company plans to use it to protect information on balances, transactions, and payment participants while ensuring compliance with established financial regulations.

An additional focus will be on supporting programmable payments. Alta envisions the ability to execute operations based on pre-set conditions, including scenarios using AI agents. However, full results of implementing these functions in banking infrastructure have yet to be presented.

Why the Startup Focused on International Payments

One of Alta's goals is to reduce the capital that financial organizations are required to pre-place in accounts for conducting international settlements. This practice allows for payments in different currencies and jurisdictions but limits the use of funds for other operations.

According to the Capgemini Research Institute World Payments Report 2027, up to $4 trillion may be held in pre-funded accounts for international payments. The report's authors believe that the development of tokenized deposits, stablecoins, and new settlement systems can enhance the efficiency of this capital's use.

Alta's first product will focus on corporate liquidity management. The company plans to offer a mechanism for funding payments just before execution, as well as tools for currency exchange and investing temporarily free funds into income-generating tokenized assets. This approach aims to reduce the need for large pre-placed cash balances, although actual savings have yet to be confirmed.

Airwallex to Help Connect Blockchain to Payment Systems

One of Alta's first partners is the international payment company Airwallex. The collaboration involves integrating the developing blockchain with its infrastructure, which provides bank transfers, currency operations, and payments using stablecoins.

Airwallex already supports transfers in over 200 countries and territories and more than 90 currencies. Through the partnership, Alta aims to gain access to this network and link blockchain settlements with traditional payment systems. However, the announcement of the collaboration does not mean that all the mentioned areas are already serviced directly through Alta's blockchain.

Alta co-founder and Airwallex CEO Jack Zhang believes financial organizations need tools that combine the advantages of stablecoins with access control, data protection, and regulatory compliance. Airwallex is one of the early partners of the project and is involved in developing solutions for institutional users.

How Alta Will Spend the Raised Investments

The company intends to use the funding to develop its blockchain architecture, expand international connections, and attract financial organizations. Additionally, Alta plans to increase its engineering team and staff responsible for regulatory compliance.

The valuation of the company following the Series A round is not disclosed. Alta has also not announced the public launch date of its first product or presented independent performance verification results of its network.

The project is developing amid growing interest from banks and payment companies in tokenized assets and stablecoin settlements. However, Alta's future prospects will depend on the technical readiness of its infrastructure, successful integration with payment systems, and the ability to meet regulatory requirements in different countries.