Expands global payments network with $10 million investment in blockchain technology
Obita, a digital financial infrastructure provider, has announced that it has raised over $10 million in its angel financing round. The round was co-led by Vision Plus Capital and Mirana Ventures, with participation from Legend Capital, HashKey Capital, Web3.com Ventures, and other leading investors.
The mission of Obita is to deliver a blockchain-native, stablecoin-powered payment network that redefines cross-border financial connectivity. The company's solutions are designed to address challenges such as high foreign exchange costs, settlement delays, and limited fund transparency, and are compliant and blockchain-native.
Dayong Zhang, Co-founder and CEO of Obita, stated that cross-border payments are at a tipping point driven by stablecoin innovation. "We are thrilled to have the support of such a strong group of investors as we continue to build an enterprise-grade network for low-cost, real-time settlement anchored in regulatory compliance," said Zhang.
Obita's solutions offer integrated compliance systems, cross-border clearing, and unified treasury management tools. The company's initial market focus includes Southeast Asia, Central Asia, Africa, and Latin America. Obita's goal is to accelerate the adoption of its solutions across high-growth markets.
Yiran Liu, Managing Partner at Vision Plus Capital, mentioned that Obita's stablecoin-centred solution significantly improves cost efficiency. "We believe that Obita's technology has the potential to revolutionise the cross-border payments industry and we are excited to be a part of their journey," said Liu.
The funds raised in this round will be used for system R&D, compliance infrastructure development, and global market expansion. Obita's solutions are set to be accelerated, with the company's focus on redefining cross-border financial connectivity.
In conclusion, Obita's successful angel financing round marks a significant step forward in the company's mission to deliver a blockchain-native, stablecoin-powered payment network that addresses the challenges of high foreign exchange costs, settlement delays, and limited fund transparency. With strong investor backing, Obita aims to accelerate the adoption of compliant, blockchain-native solutions in high-growth markets around the world.
