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Volta raises $4.1 million in seed funding for institutional platform

This significant capital injection will enable the company to further develop and strengthen its infrastructure, providing professional tools and services to cryptocurrency investment institutions.

Date: 2024-05-06 Author: Marek Stiller
Volta raises $4.1 million in seed funding for institutional platform

Volta has raised $4.1 million in seed funding to develop a crypto platform for institutional investors. According to a press release made available to Cryptonews.com , the funding round was led by Fika Ventures and Haven Ventures. Other participants included Soma Capital, Dispersion Capital and Uphonest Capital.

Volta Circuit’s comprehensive features

The investment is aimed at supporting Volta Circuit ‘s multi-signature, unsupervised platform, which aims for increased speed, security and compliance for users.

To address scalability, security and performance, the platform said it will integrate smart contract portfolios, including direct enforcement of on-chain governance and policy controls.

The architecture would provide expansion capabilities through a multi-signature wallet that facilitates authorized transactions with a single signature. This feature enables traders to quickly execute and manage transactions, providing direct control and ownership of assets without relying on third-party key management.

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In addition, Volta Circuit supports open signature standards, making it compatible with any wallet. This interoperability allows customization of settings and permissions, increasing the flexibility of wallet configuration.

“Volta Circuit is the new standard for a simple and secure way to work with digital assets,” said Volta co-founder and CEO George Melika. “We are solving the key problems facing investors by providing security, speed and full ownership.”

“Volta Circuit is the only solution that gives institutions direct control over fast, secure, scalable and configurable infrastructure to create and scale digital asset businesses and trading operations without the limitations and costs of a centralized platform,” – Melika stated.

DeFi’s growing market and institutional demand

The release includes projections that the decentralized financial market is expected to reach $446 billion by 2030, and the market capitalization of on-chain tokenization is expected to reach $16 trillion.

Despite these positive forecasts, the communiqué indicated that institutional investors still have concerns about the security, transfer and management of these assets.

“The financial industry is undergoing a paradigm shift toward digitizing real assets and adopting distributed architectures, prompting traditional institutions to seek greater control over their assets,” said Haven Ventures co-founder McLain Southworth.

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Marek Stiller
Marek Stiller
Founder of the "Cryptocurrency for Beginners" channel on YouTube. He collaborates with Łukasz to form the Arena Trading group, while at the same time being passionate about blockchain technology. His knowledge and experience in the cryptocurrency industry help beginner investors better understand this dynamic market.
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