Secures Major Angel Funding of Over US$10 Million for Rapid Development of Cross-Border Payment Infrastructure Using Stablecoins

Obita, a cutting-edge cross-border payment and digital financial network, has announced the successful completion of an angel round financing, raising over US$10 million. The financing round was co-led by Vision Plus Capital and Mirana Ventures, with participation from Legend Capital, HashKey Capital, Web3.com Ventures, and other institutions and individual investors.

The funds will be allocated towards system R&D, compliance infrastructure development, and global market expansion. Obita's focus is on high-growth markets in Southeast Asia, Central Asia, Africa, and Latin America.

Vincent YANG, Co-founder and Chief Business Officer (CBO) of Obita, is a seasoned entrepreneur with a proven track record. He has successfully founded abComo and anyStarr, and was a former co-founder of Longbridge Securities. During his tenure as a key member of AliExpress and Ant Financial's international business development team, YANG led multiple cross-border payment and digital financial projects in Southeast Asia, Europe, and Latin America.

Dayong ZHANG, the Co-founder and CEO of Obita, has extensive experience in fintech, global payments, and the digital asset industry. Prior to Obita, ZHANG served as CCO of HashKey Group, CEO of HashKey Onchain BG, and Executive Director at RD Technologies. During his tenure as Ant Group's Regional Head for South Asia and Southeast Asia, ZHANG led the creation of multiple market-leading unicorn digital wallet products and significantly expanded Ant's global payment network.

ZHANG also facilitated the entry of HKDR-a stablecoin initiated by RD Technologies-into the HKMA's stablecoin issuer sandbox. Additionally, ZHANG spearheaded the development of fiat products for HashKey's trading platform and led HashKey Chain to become Hong Kong's preferred compliant blockchain for Real World Assets (RWA) projects.

David Toh, Managing Partner of Mirana Ventures, stated that Obita is catalysing industry-wide upgrades by embedding compliant stablecoin settlement into global trade. Chao DENG, CEO of HashKey Capital, echoed Toh's sentiments, stating that Obita's solution aligns perfectly with HashKey's strategic focus on digital assets, compliance, and infrastructure development, and that together they will accelerate industry-wide transformation.

Tony WANG, Managing Director of Legend Capital, believes that bridging the Web2 and Web3 worlds represents the biggest opportunity in today's fintech landscape, and that Obita's team is uniquely positioned to lead this trend due to their deep expertise across both domains.

Obita is building a blockchain-native payment network under its Obita Mesh framework. The network aims to provide low-cost, real-time settlement with regulatory-compliant solutions. The team behind Obita boasts top talent from fintech, cross-border payments, and the digital asset industries.

With the successful completion of the angel round financing, Obita is well-positioned to make a significant impact in the cross-border payment and digital financial industries. The company's focus on high-growth markets and its commitment to regulatory compliance make it a promising player in the rapidly evolving fintech landscape.

Secures Major Angel Funding of Over US$10 Million for Rapid Development of Cross-Border Payment Infrastructure Using Stablecoins