Obita completes angel round financing of over 10 million US dollars, accelerating the layout of "new infrastructure" for cross-border payments of stablecoins

According to PANews on September 1, the enterprise-level cross-border payment and digital finance network Obita announced that it had completed an angel round of financing of over 10 million US dollars, led by Yuanjing Capital and Mirana Ventures, followed by well-known institutions and individuals such as Junlian Capital, HashKey Capital, and Web3.com Ventures. This round of funds will be focused on core system research and development, compliance construction and market expansion, and accelerate the layout of global stablecoin cross-border payment networks. With compliant stablecoins as the core, Obita is building a blockchain native payment network under the Obita Mesh framework, allowing global enterprises to enjoy a low-cost, real-time payment and regulatory settlement experience. Faced with industry pain points such as high exchange costs, slow arrival and insufficient transparency of capital flows, Obita deeply integrates enterprise-level compliance systems, cross-border clearing networks with integrated fund management tools, reshapes the capital flow methods of cross-border trade, cross-border e-commerce and supply chain platforms, and takes the lead in layout of high-growth markets such as Southeast Asia, Central Asia, Africa and Latin America. Obita's core team brings together top talents from financial technology, cross-border payments and crypto assets, has deep technical accumulation and forward-looking industry insights, and has rich experience in global payment network construction, compliance operations and payment financial product design, aiming to lead the innovation and iteration of the cross-border digital payment industry.