The Aryavarth Express
Agency (New Delhi): Volta is redefining the digital asset sector with the launch of its new product, Volta Circuit. This state-of-the-art multi-signature, non-custodial platform has recently raised $4.1 million in seed funding from prominent investors including Fika Ventures and Haven Ventures, with additional support from Soma Capital, Dispersion Capital, and Uphonest Capital. Volta Circuit is poised to set a new standard in smart wallet infrastructure by offering a solution that combines speed, ease of use, and security for self-managed digital assets.
Historically, blockchain and cryptocurrency companies have had to balance scalability, security, and performance. Now, with technological advancements, Volta Circuit introduces a robust platform that eliminates the need for such trade-offs. It features an advanced smart contract multi-signature wallet that implements governance, rules, and policies directly on the blockchain.
This innovative framework allows users to securely expand their operations through a multi-signature wallet capable of processing authorized, single-signature transactions in just microseconds. This eliminates the usual delays associated with cryptocurrency transactions, giving users complete control and ownership of their assets without relying on third-party key management.
Additionally, Volta Circuit supports open signature standards, making it compatible with any wallet. This allows for seamless integration of rules and permissions controls, giving users the ability to customize their wallet setups to suit their specific needs.
George Melika, co-founder and CEO of Volta, stated, “Volta Circuit represents a straightforward and secure approach to handling digital assets. It addresses the primary concerns of security, speed, and ownership, making it the ideal infrastructure for institutions to develop and expand their digital asset businesses and trading operations without the constraints of a centralized platform.”
The decentralized finance (DeFi) sector is projected to grow to $446 billion by 2030, with the market for on-chain tokenization expected to hit $16 trillion. Despite this, institutional investors have expressed concerns about the security, transfer, and management of these assets. Volta Circuit offers a solution that provides unmatched speed and security, catering specifically to the needs of trading firms, asset managers, treasury operations, venture capital firms, and banks.
Gabriella Brignardello of Fika Ventures commented, “We firmly believe that Volta is at the forefront of the next wave of decentralized finance, offering investors a safer and more accessible way to manage their digital assets.” McLain Southworth, co-founder and managing partner at Haven Ventures, added, “As the finance industry moves towards digitization of assets and decentralized structures, Volta Circuit’s multi-signature smart contract wallet is set to become the new standard for financial institutions.”
Volta was co-founded by George Melika and Daniel Kim, who collectively bring over four decades of experience in software development within fintech, cryptocurrency platforms, and blockchain development. Melika was previously the CTO at sFOX, and Kim led the expansion of Maple Finance. Volta’s platform, Volta Circuit, is specifically designed to give institutional investors secure control over their cryptocurrency and tokenized real-world assets through a cutting-edge smart contract multi-signature wallet. This wallet transcends traditional limitations and inefficiencies, setting a new benchmark for managing digital asset operations.