Obita, an enterprise-level cross-border payment and digital financial network, announced the completion of its angel round financing exceeding US$10 million. The round was co-led by Vision Plus Capital and Mirana Ventures, with participation from Legend Capital, HashKey Capital, Web3.com Ventures, and other prominent institutions and individual investors. The funds will be allocated to system R&D, compliance infrastructure development, and global market expansion, accelerating the deployment of its stablecoin-based cross-border payment network.

Amid a global wave of stablecoin legislation and compliance advancements, cross-border payments are undergoing a revolutionary transformation.

With compliant stablecoins at its foundation, Obita is building a blockchain-native payment network under its Obita Mesh framework, empowering global enterprises to experience low-cost, real-time settlement with regulatory-compliant solutions. Addressing industry pain points such as high foreign exchange costs, delayed settlements, and insufficient fund flow transparency, Obita integrates enterprise-grade compliance systems, cross-border clearing networks, and unified treasury management tools to redefine the ways capital flows for cross-border trade, e-commerce, and supply chain platforms. The company has an initial focus on high-growth markets in Southeast Asia, Central Asia, Africa, and Latin America.

"Cross-border payments are at a tipping point driven by stablecoin innovation," said Dayong ZHANG, Co-founder and CEO of Obita. "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."

"Cross-border B2B payment is a crucial infrastructure for global trade. Obita's stablecoin-centred solution significantly improves cost efficiency," said Yiran LIU, Managing Partner at Vision Plus Capital. "We have full confidence in Obita team's accumulated experience in global fintech and diverse cross-sector backgrounds. Vision Plus Capital has a broad cross-border fintech portfolio and looks forward to exploring more use cases for stablecoins in the payment sector."