Back

Altura Secures $4 Million to Deliver On-Chain Stable Yields

Altura’s $4 million raise, led by Ascension with Moonfare and InnoFinCon participation, strengthens its market-neutral approach to generating stable yields from on-chain stablecoin deposits.

Summary

Altura announced it has raised $4 million in a funding round led by Ascension, with investment from Moonfare and InnoFinCon. The company operates a single on-chain vault utilizing market-neutral strategies to produce stable yields from stablecoin deposits. This marks an official corporate update on Altura’s growth and its focus on transparent, blockchain-based yield generation.

Terms & Concepts
  • On-chain: Operations or transactions executed directly on a blockchain network, ensuring transparency and immutability.
  • Market-neutral strategies: Investment approaches designed to generate returns regardless of market direction by offsetting long and short positions.
  • Stable yields: Predictable, consistent returns from investments, often achieved through low-risk strategies.