Obita wrapped up its angel round which saw participation from Legend Capital, HashKey Capital, and other prominent investors.
Enterprise-level cross-border payments platform Obita secured US$10 million in its angel funding round led by Vision Plus Capital and Mirana Ventures.
The funds will be allocated to system research and development, compliance infrastructure development, and global market expansion to accelerate the deployment of its stablecoin-based cross-border payment network.
Obita is building a blockchain-native payment network under its Obita Mesh framework, empowering global enterprises to experience low-cost, real-time settlement with regulatory-compliant solutions. The platform aims to address industry pain points such as high foreign exchange costs, delayed settlements, and insufficient fund flow transparency.
“Cross-border payments are at a tipping point driven by stablecoin innovation,” said Zhang Dayong, Co-founder and CEO of Obita. “We aim to integrate blockchain technology’s revolutionary potential into real-world global capital flows through our enterprise-grade, end-to-end, compliant, secure, and high-quality integrated services.”
“Cross-border B2B payment is a crucial infrastructure for global trade. Obita’s stablecoin-centred solution significantly improves cost efficiency,” said Liu Yiran, Managing Partner at Vision Plus Capital. “We have full confidence in Obita team’s accumulated experience in global fintech and diverse cross-sector backgrounds.”
Obita’s team has extensive experience in global payment network development, and aims to reshape global financial infrastructure through compliant, blockchain-native solutions.
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