Allium has raised $40 million to expand its blockchain data services for Wall Street, the company announced Tuesday. The round signals that institutional appetite for on-chain analytics continues to grow, even as crypto markets remain choppy.
What Allium does
The startup provides structured, real-time blockchain data to financial firms — hedge funds, asset managers, banks — that want to track token flows, monitor DeFi activity, or build trading strategies around on-chain signals. Its clients include some of the largest names in traditional finance, though the company does not name them publicly. The new funding will go toward scaling that infrastructure and adding coverage across more blockchains.
Why Wall Street is buying in
For years, institutional firms treated crypto data as a niche add-on. That's changing. The $40 million raise is the latest evidence that banks and fund managers now see blockchain analytics as a core part of their research stack — not unlike Bloomberg terminals for equities. Allium's pitch is that its data is cleaner and faster than what most shops build in-house, and that it can handle the volume institutional clients demand.
Several competitors — Dune Analytics, Nansen, CoinMetrics — have also raised significant rounds in the past two years, but Allium has focused specifically on the Wall Street customer, a distinction that appears to be paying off.
What comes next
Allium said it will use the capital to hire engineers, improve data latency, and add support for more layer-1 and layer-2 networks. The company also plans to open a New York office to be closer to its client base. The timing isn't accidental: regulators in the U.S. and Europe are pushing for more transparency in digital asset markets, and banks that want to custody or trade crypto need reliable data to satisfy compliance teams.
For now, the $40 million gives Allium runway to keep selling into that demand — and to prove that blockchain data isn't just for crypto natives anymore.
