Volta Secures $4.1 Million in Seed Funding to Develop Institutional Crypto Platform
Volta, a leading company in the crypto industry, has successfully raised $4.1 million in seed funding to further enhance its platform for institutional investors. This exciting development was announced in a press release shared with Cryptonews.com. The funding round was led by Fika Ventures and Haven Ventures, with other notable participants including Soma Capital, Dispersion Capital, and Uphonest Capital.
The primary objective of this investment is to support the development of Volta Circuit, a comprehensive platform that focuses on delivering enhanced speed, security, and compliance for its users. To address the challenges of scalability, security, and performance, Volta Circuit plans to integrate smart contract wallets that will enable direct on-chain enforcement of governance and policy controls.
The platform’s architecture will also feature a multi-signature wallet, allowing authorized single-signature transactions and providing expansion capabilities. This unique feature will empower traders to execute and manage transactions quickly, ensuring complete control and ownership of their assets without relying on third-party key management.
In addition, Volta Circuit supports open signature standards, making it compatible with any wallet. This interoperability will enable users to customize and configure permission settings according to their specific needs, enhancing wallet flexibility.
George Melika, the co-founder and CEO of Volta, expressed his enthusiasm about Volta Circuit, stating, “Volta Circuit is the new standard for a straightforward and secure way to work with digital assets. We are addressing the key concerns of investors by prioritizing security, speed, and full ownership.”
Melika further emphasized that Volta Circuit is the only solution that offers institutions direct control over a fast, secure, scalable, and customizable infrastructure for building and expanding digital asset businesses and trading operations. By eliminating the limitations and costs associated with centralized platforms, Volta Circuit aims to revolutionize the way institutions interact with digital assets.
The press release also highlighted the growing importance of the decentralized finance (DeFi) market and the increasing demand from institutional investors. Projections suggest that the DeFi market will reach a staggering $446 billion by 2030, with the market capitalization for on-chain tokenization expected to reach $16 trillion.
Despite these promising forecasts, the release acknowledged that institutional investors still have concerns regarding the security, transfer, and management of digital assets. McLain Southworth, the co-founder of Haven Ventures, commented, “The finance industry is undergoing a transformative shift towards digitizing real-world assets and adopting distributed architectures, prompting traditional institutions to seek greater control over their assets.”
With the successful completion of this seed funding round, Volta is well-positioned to lead the way in providing institutional investors with a secure, efficient, and customizable platform to navigate the crypto landscape.
