# Alta Raises $47.5 Million to Build a Compliance-Focused Bank Blockchain

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/54073
Published: 2026-11-11T14:20:44.000Z
Updated: 2026-11-11T14:20:44.000Z
Section: Business

> Index Ventures led the Series A. The new funding brings Alta’s total raised to about $80 million.

Alta raised $47.5 million in Series A funding to develop a Layer 1 blockchain with compliance controls built into transaction processing for banks and other financial institutions. The company announced the round Tuesday, Nov. 10.

Index Ventures led the investment. GV, Blackbird Ventures, Square Peg and Capital49 also participated. Alta did not disclose its valuation.

The raise follows a $32.5 million seed round, primarily backed by payments company Airwallex, with Capital49 also taking part. The two rounds bring Alta’s total funding to about $80 million.

Alta is designing its network to apply jurisdictional rules as transactions are processed, alongside privacy controls. The network is designed to connect to payment rails and support payments across more than 200 countries and 90 currencies. Its intended applications include tokenized bank deposits, real-time foreign exchange and cross-border transfers.

The project enters a field where Ethereum, Solana and Avalanche are available to banks and are courting financial firms.