Allium Secures $16.5M Funding for Enterprise Blockchain Data Platform
CryptoNewsTerminal Staff18 Jul, 2024
Allium Secures $16.5M Funding for Enterprise Blockchain Data Platform
Allium, an enterprise blockchain data platform, has secured $16.5 million in a Series A funding round led by Tier1 Ventures. Other investors in the round included Amplify Partners. The funding will be used to launch a product for financial institutions onboarding digital assets and continue building out Allium's data infrastructure. Allium's platform provides financial institutions with a single source of truth for their blockchain data. This data can be used to track the movement of assets, manage risk, and comply with regulations. The Series A funding round brings Allium's total funding to date to $21.5 million. The company has plans to use the funding to expand its team and continue developing its platform.
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