Obita, an enterprise-level cross-border payment and digital financial network, has completed its angel round financing, raising over $10 million. Co-led by Vision Plus Capital and Mirana Ventures, with participation from Legend Capital, HashKey Capital, and Web3.com Ventures, the funds will support system research and development, compliance infrastructure, and global market expansion.
As stablecoin legislation evolves, cross-border payments are undergoing a significant transformation. With compliant stablecoins at its core, Obita is developing a blockchain-native payment network through its Obita Mesh framework, enabling low-cost, real-time settlements with regulatory compliance.
The company aims to address industry challenges such as high foreign exchange costs and delayed settlements by integrating compliance systems and clearing networks to enhance capital flow in trade, e-commerce, and supply chains. It focuses on high-growth markets in Southeast Asia, Central Asia, Africa, and Latin America.
Co-founder and CEO Dayong Zhang, a leader in fintech and global payments, has extensive experience from his previous roles in prominent financial organizations. Co-founder Vincent Yang brings a strong entrepreneurial background, having successfully led international business projects at AliExpress and Ant Financial.
With a mission to reshape global financial infrastructure using compliant, blockchain-native solutions, Obita is poised to drive real-world adoption in key markets and redefine cross-border financial connectivity.
KEY QUOTES:
“Cross-border payments are at a tipping point driven by stablecoin innovation. 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.”
Dayong Zhang, Co-founder and CEO of Obita
“Cross-border B2B payment is a crucial infrastructure for global trade. Obita’s stablecoin-centred solution significantly improves cost efficiency. 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.”
Yiran Liu, Managing Partner at Vision Plus Capital
“By embedding compliant stablecoin settlement into global trade, Obita is catalysing industry-wide upgrades.”
David Toh, Managing Partner of Mirana Ventures
“Bridging Web2 and Web3 worlds represents the biggest opportunity in today’s fintech landscape. Obita’s team, with deep expertise across both domains, is uniquely positioned to lead this trend.”
Tony Wang, Managing Director of Legend Capital
“Obita’s solution aligns perfectly with HashKey’s strategic focus on digital assets, compliance, and infrastructure development. Together, we will accelerate industry-wide transformation.”
Chao Deng, CEO of HashKey Capital
