Blockchain data startup Allium raises $40M Series B as institutional interest in onchain analytics grows: Fortune

Allium, a startup specializing in blockchain data analytics, has secured $40 million in Series B funding to bolster its infrastructure for institutional clients like Visa and the Federal Reserve. This influx highlights the increasing demand for on-chain analytics as traditional financial institutions explore blockchain technology for more transparent and efficient operations. The substantial investment signals a growing confidence in blockchain's potential to revolutionize financial systems, suggesting a pivotal shift in how institutions leverage decentralized data.