Digital asset firm Volta has unveiled its latest innovation, the Volta Circuit platform, which secured $4.1 million in seed funding from Fika Ventures and Haven Ventures.
Volta Circuit distinguishes itself by being a non-custodial, multi-signature platform that promises the fastest, easiest, and most secure method for self-custody of digital assets.
Historically, companies involved in blockchain and cryptocurrencies have faced the tough choice of balancing scalability, security, and performance.
However, with recent advancements, such compromises are becoming a thing of the past. Volta Circuit is introducing a solution with its smart contract multi-signature wallet that integrates governance, rules, and policy controls enforced directly on-chain.
This pioneering platform allows for the expansion of operations securely through a multi-signature wallet capable of supporting authorized, single-signature transactions.
The company said it enables traders to perform and sign off on transactions in microseconds, thus eliminating traditional delays and ensuring that they maintain complete control and ownership of their assets without the intermediation of third-party key management.
Further enhancing its appeal, Volta Circuit supports open signature standards, making the platform wallet-agnostic. This feature allows any wallet to integrate rules and permission controls, providing users with the flexibility to customize their wallet solutions to fit their needs.
George Melika, co-founder and CEO of Volta, emphasized the platform’s benefits, stating:
Volta Circuit is the new standard for a straightforward and safe way to work with digital assets. We’re solving the key problems faced by investors by ensuring security, speed, and full ownership. Volta Circuit is the only solution that gives institutions direct control of a fast, secure, scalable, and customizable infrastructure to build and scale digital asset businesses and trading operations without the limitations or costs of a centralized platform.
The decentralized finance market, where Volta Circuit aims to make a significant impact, is projected to reach $446 billion by 2030, with the market capitalization for on-chain tokenization expected to hit $16 trillion.
Despite these promising forecasts, institutional investors have remained cautious about the security, transfer, and management of these assets.
Volta Circuit provides a solution tailored for trading firms, asset managers, treasury operations, venture capital firms, and banks, offering unprecedented speed and security.
Gabriella Brignardello of Fika Ventures highlighted the platform’s potential. She said:
We strongly believe that Volta is an emerging leader in the next wave of decentralized finance as investors seek out a safer and more accessible option to manage their digital assets.
McLain Southworth, co-founder and managing partner of Haven Ventures, also commented on the industry’s evolution:
The finance industry is undergoing a paradigm shift towards digitizing real-world assets and adopting distributed architectures. Volta Circuit’s multi-signature smart contract wallet addresses this need and is poised to become the new standard for financial institutions.”