Allium Announces $40M Series B to Scale Blockchain Data Infrastructure for Institutions
Blockchain data startup Allium has announced a $40 million Series B round, bringing its total funding to roughly $61.5 million since its founding in late 2021. The raise positions the company to expand a platform that already serves the U.S. Federal Reserve, Visa, and major crypto firms with cleaned, standardized on-chain data.
The round was first reported by Fortune and cited by The Block on June 23, 2026. Investor names have not been publicly confirmed as of publication. The company, headquartered in New York with offices in Singapore, was co-founded by Ethan Chan (Co-Founder and CEO, formerly of Primer, where he worked in ML and data engineering) and Cheng Han Lee (Co-Founder and CTO, formerly of Meta and Poynt). Allium's stated mission is to build what it calls "the system of record for onchain finance."
What Allium Actually Does
Blockchains are designed to record transactions, but querying that data at scale across hundreds of networks is technically expensive and error-prone. Allium ingests raw blockchain events, normalizes them, strips out non-economic activity such as bot transactions, and delivers the resulting datasets to clients via APIs, real-time data streams, and an AI-native query interface. The platform currently covers more than 150 blockchains and over 10,000 decoded protocols, spanning stablecoins, lending markets, decentralized exchanges, tokenized assets, staking, and bridge protocols.
The bot-stripping function is more significant than it sounds. Allium reports that its adjusted methodology reduces a raw figure of $176 trillion in on-chain volume to $17 trillion in economically meaningful activity. A similar discrepancy appears in its public work with Visa: the Visa Onchain Analytics Dashboard, which Allium powers, shows monthly stablecoin transfer volume dropping from $2.65 trillion (unadjusted) to $265 billion once automated and non-economic flows are removed. Those adjusted figures reflect Allium's own proprietary methodology, not an independently audited standard. That tenfold gap matters to policymakers and compliance teams trying to assess the real scale of stablecoin activity.
Kleiner Perkins, which led Allium's seed round in 2022 and participated in the $16.5 million Series A in July 2024, has compared the company's role to what Bloomberg did for financial market data and what Google did for public web page data. Chan described the underlying challenge at the time of the Series A: "Currently, something as essential as accurately tracking digital currency volumes requires continually normalizing data across 40+ blockchain networks and parsing thousands of smart contracts, equating to petabytes of data." The platform has expanded considerably since that statement, now covering more than 150 blockchains.
A Client List That Signals Institutional Traction
Allium's confirmed clients include Visa, Stripe, Coinbase, Uniswap, Grayscale, Paradigm, a16z crypto, Phantom (which serves 15 million users), MoonPay, MetaMask, and all four major global accounting firms (PwC, Deloitte, KPMG, and EY), according to the company. The Federal Reserve Bank of New York invited Allium to present at its 2025 Innovation Conference and has cited the company's data in published analyses and public speeches.
That kind of institutional validation carries weight in a market that has historically struggled with data credibility. The global blockchain analytics and crypto compliance sector was valued at $2.99 billion in 2025 and is projected to reach $18.7 billion by 2034, according to MarketIntelo, reflecting a compound annual growth rate of 22%. More than 78% of financial institutions now use some form of blockchain tracking for anti-money laundering and know-your-customer compliance.
Why This Matters Outside the United States
The regional implications of Allium's growth are significant, particularly for markets where on-chain activity is high but institutional-grade data infrastructure is thin.
Nigeria processed $92 billion in on-chain transaction value in 2025, a 56% increase year over year, and stablecoin deposits in the country have grown approximately 9,000% since 2018. Yet Nigerian Web3 infrastructure funding fell to $4 million in 2025, down from $11 million in 2024, even as total startup funding in the sector doubled to $43 million. Most of that capital goes to consumer-facing applications rather than foundational data layers. The country established its Virtual Asset Regulatory Council (VARC) in February 2026, creating a regulatory body with a direct mandate for the kind of verified, normalized on-chain data that Allium provides. Builders in Lagos and Nairobi currently depend on community tools such as Dune Analytics or expensive proprietary platforms to get any structured view of on-chain activity. Across Sub-Saharan Africa more broadly, Chainalysis data shows more than $205 billion in on-chain value received between July 2024 and June 2025, a figure that underscores the scale of activity that still lacks dedicated infrastructure coverage.
India presents a comparable opportunity from a different angle. The country ranks among the top three globally for crypto adoption by Chainalysis metrics, with South Asia recording 80% year-over-year growth in crypto adoption between January and July 2025. Its Ministry of Electronics and Information Technology launched the Blockchain India Challenge in February 2026, signaling government interest in integrating blockchain data into trade and public finance, according to regional reports. As Indian regulators and financial institutions build out compliance frameworks, they will need the kind of verified, normalized data that Allium currently sells to U.S. federal institutions.
Allium's offices in Singapore are the clearest indicator that the company sees Asia-Pacific as a strategic priority. The platform already tracks roughly $8 billion in intra-region APAC stablecoin payments, suggesting, at minimum, that meaningful data coverage of payment flows relevant to South Asia is already live.
What Comes Next
Grayscale Research characterized 2026 as the "Dawn of the Institutional Era" for digital assets, with large custodians and clearing agents increasingly linking blockchain rails to conventional payment infrastructure. That framing suits Allium's position: as more institutions need auditable, finance-grade on-chain data, the infrastructure that supplies it becomes a critical dependency rather than a discretionary tool.
Whether the Series B translates into expanded access for developers in emerging markets or deepens Allium's focus on enterprise contracts in the U.S. and Europe will depend on commercial choices the company has not yet publicly detailed. For now, the raise suggests that institutional appetite for reliable blockchain data may be outpacing the infrastructure built to serve it. With the global blockchain analytics market projected to grow from $2.99 billion in 2025 to $18.7 billion by 2034 and more than 78% of financial institutions already deploying blockchain tracking for compliance, the direction of that gap is not hard to read.