The round was led by Atalaya Capital Management. The new funding comes on the heels of ALT's introduction of ALT Advance, a new lending product that lets investors borrow cash against their vaulted assets without having to sell them. ALT Advance provides liquidity against graded collectibles such as trading cards, watches, and sneakers, giving them a similar utility that is also afforded to traditional assets.

ALT is an alternative investment platform that's transforming how the world invests by unlocking the value of alternative assets. By turning some of the most culturally beloved collectibles into financial assets that can be traded and borrowed against, ALT is building an investment platform for the future. Providing liquidity, utility, and transparency to an industry that traditionally has been fragmented and hard to understand. ALT leverages its proprietary valuation data, vaulting infrastructure, and blockchain technology to bridge the physical and digital worlds, creating more investment opportunities for alternative assets.