Alta, a blockchain company co-founded by Airwallex CEO, raises $47.5 million in Series A funding

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Financial infrastructure company Alta has completed a $47.5 million Series A funding round, bringing its total funding to $80 million. Alta will use the funds to develop infrastructure, expand institutional partnerships and global financial connections, and grow its engineering and compliance teams. Airwallex has chosen to build on Alta, with the partnership supporting stablecoin payments and connecting to a local fiat payment network covering 200 countries and 90 currencies.