Odaily Planet Daily reports that Obita, an enterprise-level cross-border payment and digital finance network, has announced the completion of an angel round of funding exceeding US$10 million, led by Yuanjing Capital and Mirana Ventures, with participation from renowned institutions and individuals such as Legend Capital, HashKey Capital, and Web 3.com Ventures. This round of funding will be primarily used for core system development, compliance development, and market expansion, accelerating the development of a global stablecoin cross-border payment network.

Obita is reportedly building a blockchain-native payment network based on the Obita Mesh framework, centered around a compliant stablecoin. This network will enable global businesses to enjoy low-cost, real-time, and regulated settlement. By integrating enterprise-level compliance systems, a cross-border clearing network, and integrated fund management tools, Obita is reshaping the flow of funds across cross-border trade, e-commerce, and supply chain platforms. Obita is also spearheading a strategic expansion into high-growth markets such as Southeast Asia, Central Asia, Africa, and Latin America.