Obita Raises USD 10M for Stablecoin Payment Push

Obita, a cross-border payment and digital financial network company, has secured more than USD 10 million in angel funding, led by Vision Plus Capital and Mirana Ventures, and joined by Legend Capital, HashKey Capital, Web3.com Ventures and other top investors. The money will be used for system R&D, compliance infrastructure, and international market expansion, pushing forward Obita's stablecoin-based payment network.

"Cross-border payments are at a tipping point driven by stablecoin innovation. We want to harness the revolutionary potential of blockchain technology in real-world global capital flows via our enterprise-grade, compliant, and secure services." declared Dayong Zhang, Co-founder and CEO of Obita.

Key Highlights:

• Obita raises more than 10M in angel funding led by Vision Plus Capital and Mirana Ventures, with backing from Legend Capital, HashKey Capital, and others
• Stablecoin-based Obita Mesh framework targets cross-border trade inefficiencies, focusing on Southeast Asia, Central Asia, Africa, and Latin America
• Seasoned fintech leadership from HashKey, Ant Group, and AliExpress positions Obita at the forefront of the stablecoin-powered digital finance revolution

The Obita Mesh framework of the company aims to eliminate chronic industry issues like high foreign exchange fees, settlement times, and low transparency, by integrating enterprise-level compliance systems, clearing networks, and treasury management platforms. Early market coverage ranges across Southeast Asia, Central Asia, Africa, and Latin America.

"Cross-border B2B payment is vital to international trade. Obita's stablecoin-based solution dramatically enhances cost effectiveness," said Vision Plus Capital Managing Partner Yiran Liu. Mirana Ventures Managing Partner David Toh added, "Incorporating compliant stablecoin settlement into international trade is driving sector-wide upgrades."

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Obita's leadership board taps into fintech and cryptocurrency giants. Zhang has held senior leadership positions at HashKey Group and Ant Group in the past, while Co-founder and CBO Vincent Yang has spearheaded cross-border payment projects at AliExpress and Ant Financial.

Supported by strategic investors and experienced fintech veterans, Obita places itself at the vanguard of the stablecoin-driven digital finance revolution.