Teams announced this week an $18 million strategic round led by Solana InitiativesTotal funding reached $42.9 million with the participation of Coinbase Ventures, Haun Ventures, L1D, Collab+Currency, Electric Capital, Placeholder, Jump Crypto and Robot Ventures. This increase is accelerating Altitude, a financial operating system built on stablecoin infrastructure.
Stablecoins are changing the infrastructure of business finance. For the last decade, developing financial products for businesses has meant going above and beyond the banks; Bank partnerships were required to hold customer funds and access payment rails. Each new market meant a new bank and a new compliance cycle.
Blockchains have changed the underlying infrastructure. Stablecoins transformed money into software, allowing treasury and payments to be separated from the fractional reserve system for the first time.
This separation has produced a new category of licensed payment service providers (PSPs) that move money over both stablecoin and traditional banking rails. The market moved quickly: Stripe bought Bridge for $1.1 billion, and Mastercard bought BVNK for $1.8 billion. These PSPs were the missing piece to creating a full-fledged financial operations platform on stablecoin rails.
Altitude does not retain customer funds. The treasury is held in stablecoins. When funds need to move, they instantly settle on stablecoin rails. When they need to tap into traditional banking rails, they do so through a network of licensed stablecoin PSPs.
Since its IPO in December 2025, Altitude has processed more than $200 million for exporters, global agents, crypto-native companies, and cross-border remote teams. Customers choose Altitude for what its stablecoin infrastructure unlocks: global coverage by default, multi-currency support, instant payments, and programmable controls. Altitude is growing its team, expanding its payment network and accelerating product development with $18 million in new funding.
“Solana is now mature enough to handle global business finance, regulators have created the frameworks to support it, and for the first time you can build a complete financial platform on a truly new system.” in question Stepan SimkinCEO of Squads.
“The Squads team has spent the last four years building the security infrastructure on which much of the Solana ecosystem operates. Stablecoins and programmable blockchains are changing the way global finance works. This is the team with the technical depth and vision to build the financial platform that sits on top of this change.” in question Matthew BeckPresident of Solana Ventures.
There are two criticisms that have historically limited the adoption of stablecoins in mainstream business finance: compliance gaps and security concerns. Altitude directly addresses both, Squads said.
On compliance, Altitude has developed a proprietary engine that implements the same controls expected of any regulated fintech: continuous sanctions screening, AML checks, transaction monitoring and KYB verification. This engine allows every Altitude account to connect to licensed PSPs including Bridge, MoonPay, Infinite, Due and others.
Regarding security, Altitude implements controls at every layer of the stack. At the product tier, each business account comes with programmable controls, granular permissions, and configurable multi-factor authentication. At the infrastructure layer, the Squads Protocol secures more than $10 billion in value by managing asset custody and money movement. In the reconciliation layer, every transaction is recorded and agreed upon in Solana.
