Volta Raises $4.1 Million in Seed Funding for Crypto Platform
Volta has secured $4.1 million in seed funding to develop a crypto platform tailored for institutional investors. The funding round was spearheaded by Fika Ventures and Haven Ventures, with participation from Soma Capital, Dispersion Capital, and Uphonest Capital.
Volta Circuit’s Comprehensive Features
- The investment aims to bolster Volta Circuit, a multi-signature, non-custodial platform designed to offer enhanced speed, security, and compliance for users.
- To tackle scalability, security, and performance challenges, the platform plans to integrate smart contract wallets with direct on-chain enforcement of governance and policy controls.
- The architecture will enable expansion through a multi-signature wallet, facilitating authorized single-signature transactions for traders.
- This feature empowers traders to swiftly execute and manage transactions, ensuring direct control and ownership of assets without relying on third-party key management.
- Volta Circuit also supports open signature standards, ensuring compatibility with any wallet, thereby enhancing wallet configuration flexibility through customization and permission settings.
George Melika, Volta’s co-founder and CEO, expressed, “Volta Circuit sets a new standard for a secure and user-friendly approach to handling digital assets. We address key investor concerns by prioritizing security, speed, and complete ownership.”
Melika further emphasized, “Volta Circuit offers institutions direct control over a fast, secure, scalable, and customizable infrastructure for establishing and expanding digital asset businesses and trading operations, free from the constraints and expenses of a centralized platform.”
Growing DeFi Market and Institutional Demand
The release highlighted projections indicating that the decentralized finance (DeFi) market is poised to reach $446 billion by 2030, with on-chain tokenization market capitalization expected to reach $16 trillion.
Despite optimistic forecasts, institutional investors remain cautious regarding the security, transfer, and management of digital assets. McLain Southworth, co-founder of Haven Ventures, noted, “The finance industry is experiencing a shift towards digitizing real-world assets and embracing distributed architectures, prompting traditional institutions to seek greater asset control.”
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