On-chain yield platform Altura completes $4 million financing, led by Ascension

On-chain yield platform Altura has completed a $4 million financing round, led by Ascension, with participation from European private equity leaders Moonfare, InnoFinCon, and others.

Altura operates a single on-chain vault, employing a market-neutral strategy to generate stable returns. Users deposit stablecoins, and the vault earns protocol revenue through capturing inter-exchange price differences, hedging positions for funding fee income, and rotating collateral into safe yield assets.