[Alta Raises $47.5 Million in Series A Funding, Led by Index Ventures] According to Foresight News, citing Fortune, Alta, a Layer 1 blockchain platform targeting banks and large financial institutions, has raised $47.5 million in Series A funding, led by Index Ventures, with participation from GV (Google Ventures), Blackbird Ventures, Square Peg, and Capital49. Valuation was not disclosed. Alta previously raised $32.5 million in seed funding, with Airwallex as the lead investor. Alta provides pluggable compliance layers and privacy tools to help financial institutions process on-chain transactions according to the requirements of different jurisdictions. Airwallex is promoting Alta to its global clients for processing cryptocurrency transactions.