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Obita's Milestone in Cross-Border Payment Solutions

Obita, a leading player in enterprise-level cross-border payment solutions, has recently achieved a significant milestone by completing an angel round of funding exceeding US$10 million. The funding round was co-led by Vision Plus Capital and Mirana Ventures, attracting contributions from other notable investors including Legend Capital, HashKey Capital, and Web3.com Ventures. The funds raised will be strategically allocated toward research and development, compliance infrastructure enhancement, and global market expansion, all aimed at accelerating the implementation of Obita's innovative stablecoin-powered cross-border payment network.

Transforming Cross-Border Payments

In a fast-evolving financial landscape shaped by global legislation surrounding stablecoins, the need for advanced cross-border payment solutions has never been more pronounced. Obita is at the forefront of this transformation, leveraging its Obita Mesh framework to build a blockchain-native payment network designed specifically for global enterprises.

This cutting-edge payment network is powered by compliant stablecoins, allowing for low-cost and real-time settlement. The solution addresses several pressing pain points that the industry faces, such as exorbitant foreign exchange costs, delayed settlements, and lack of transparency in fund flows. By integrating robust compliance systems, cross-border clearing networks, and unified treasury management tools, Obita is redefining how capital flows through cross-border trade, e-commerce, and supply chain operations.

Focus on High-Growth Markets

Initially, the company is concentrating its efforts on high-growth markets in Southeast Asia, Central Asia, Africa, and Latin America. This strategic focus aims to capture the vast potential these regions hold for cross-border transactions, especially as digital payment solutions gain traction.

Dayong ZHANG, Co-founder and CEO of Obita, expressed confidence in the revolutionary potential of stablecoin innovation in cross-border payments, stating, "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." This vision underscores a commitment to enhancing efficiencies and providing reliable solutions in a crucial infrastructure of global trade.

Yiran LIU, Managing Partner at Vision Plus Capital, emphasized the importance of Obita’s stablecoin-centered solution in improving cost efficiency in cross-border B2B payments. He pointed out the team's extensive experience in global fintech and their potential to explore further use cases for stablecoins, signaling the confidence investors have in Obita's capabilities.

A Strong Management Team

Obita has assembled a strong management team that encompasses top talent from various sectors including fintech, cross-border payments, and the digital asset industry. The combination of deep technical expertise and a forward-thinking vision positions the team to lead innovations in the digital payment arena.

Vincent YANG, Co-founder and CBO of Obita, brings with him extensive entrepreneurial experience, having founded multiple successful ventures. He has significantly contributed to the international business development at leading firms such as AliExpress and Ant Financial—experience that is invaluable as Obita seeks to expand its footprint across the globe.

Bridging Two Financial Worlds

Industry leaders have noted that Obita's approach to embedding compliant stablecoin settlements into global trade represents a significant step forward in the payment sector. David Toh, Managing Partner of Mirana Ventures, remarked that Obita is catalyzing upgrades across the industry. Meanwhile, Tony WANG, Managing Director of Legend Capital, highlighted the unique position Obita holds by bridging the gaps between Web2 and Web3 financial landscapes—a trend anticipated to shape the future of fintech.

Future Prospects

As Obita charts its course towards reshaping global financial infrastructures, its mission to provide compliant, blockchain-native solutions aims to accelerate real-world adoption across high-growth markets. This is not just about developing a payment system; it’s about redefining the future of cross-border financial connectivity for businesses and trade worldwide.

With the backing of a stellar team and strong network of strategic investors, Obita is set to play a critical role in leading the charge in the evolution of stablecoin-powered digital finance, thereby establishing a secure and efficient cross-border payment ecosystem that meets the needs of modern enterprises.

For more information, visit Obita's Website.