Why a blockchain data service provider has attracted the attention of the Federal Reserve and Visa?

Written by: DeepSeek

Edited by: Luffy, Foresight News

Blockchain is an open database, but being open does not mean it is easy to read. Faced with hundreds of chaotic on-chain transaction records, wallet addresses, and smart contract logs, even professional financial institutions often find themselves at a loss. A New York company named Allium specializes in translating this heap of "heavenly texts" into data reports that financial institutions can understand. On June 23, Allium announced the completion of a $40 million Series B financing, led by Amplify Partners, with participation from existing shareholders Kleiner Perkins and Theory Ventures.

The "data steward" that cleans blockchain data for financial institutions

According to information from the official website, Allium was founded in 2021 and is headquartered in New York, functioning as an enterprise-level blockchain data platform. The company's core business can be understood as follows: large volumes of transaction data are generated daily on the blockchain, but this data is scattered across different chains, with inconsistent formats, and raw records that are difficult to use directly. What Allium does is to "clean, organize, and label" the raw blockchain data and then deliver it to financial institutions via API, data dashboards, and SQL query tools.

As of June 2026, Allium's platform covers more than 150 blockchains and 10,000 protocols, boasting over 100 types of on-chain data models and millions of labeled wallet addresses. The main products offered by the company include: Allium Terminal (a trading data retrieval tool for financial professionals), Allium Explorer (a web application supporting SQL queries and visual analytics), and Datashares (a service for migrating blockchain data to external cloud data platforms).

At the beginning of 2026, Allium also launched Allium AgentHub, allowing AI agents to directly access on-chain data through natural language without the need to write complex SQL queries. According to the company’s website, its AI assistant supports "generating SQL through conversations, creating data dashboards, generating PDF reports, and even deploying real-time web applications." Allium also holds SOC 1 and SOC 2 compliance certifications, which are important thresholds for financial institutions when choosing data service providers.

Allium's terminal interface, source: Allium official website

From Visa to the Federal Reserve, who is using Allium's data?

Allium's client list includes traditional financial institutions, crypto companies, and government entities.

According to information disclosed by Allium , in the traditional finance sector, Visa has collaborated with Allium to develop an on-chain data analytics dashboard to help Visa monitor on-chain payment flow and ecosystem activities in real time. The Boston Consulting Group (BCG) uses Allium's data to conduct business related to digital assets. According to Fortune, the U.S. Federal Reserve has also cited Allium's data. Additionally, Fidelity, Stripe, and other financial institutions are also clients of Allium.

In the crypto space, well-known companies such as Coinbase, a16z Crypto, Phantom, MetaMask, and MoonPay are using Allium's data services. The Uniswap Foundation is also on the client list. Notably, even DeFiLlama, which is also in the blockchain data analytics space, sources some of its data from Allium.

This pattern of "even competitors using my data" indicates that Allium has done a lot of foundational work on the underlying data; it does not just focus on front-end presentation but engages from the more fundamental aspects of data cleaning and standardization.

$40 million Series B, total financing exceeds $61 million

On June 23, Allium officially announced the completion of a $40 million Series B financing round. This round was led by Amplify Partners, with Kleiner Perkins and Theory Ventures continuing to follow the investment. As part of the transaction, David Beyer from Amplify Partners will join Allium's board of directors.

Previously, Allium completed a $16.5 million Series A financing in July 2024, led by Theory Ventures. Including a $5 million seed round in 2022, the total disclosed financing amount has exceeded $61 million. CEO Ethan Chan declined to disclose the valuation for this round during an interview with Fortune magazine but stated that the company has seen revenue growth of over ten times since the Series A round.

On the team side, Allium was co-founded by Ethan Chan and Cheng Han Lee in 2021. Chan serves as CEO and previously researched artificial intelligence at Stanford University; Lee serves as CTO. The company currently has about 50 employees.

Allium co-founders Ethan Chan (left) and Cheng Han Lee

Industry reshuffling, stablecoins and AI agents open new spaces

Since 2026, the blockchain data analytics space has been experiencing a significant reshuffling.

In May 2026, Dune Analytics, which had completed financing with a valuation of $1 billion in 2022, laid off 25% of its employees. Shortly thereafter, in June, Blockworks acquired Messari for over $10 million, while Messari had a valuation of approximately $300 million in 2022. The starkly different fates within the same space have provided a clear answer to the market's question of "what kind of data analytics companies can survive."

Allium's differentiation lies in its client positioning. Unlike platforms such as Dune and Nansen that focus more on retail traders, Allium’s core users are banks, payment networks, asset management companies, and government agencies. These institutions do not care about flashy data dashboards; what they need are auditable, traceable, and compliant data, as well as compliance certifications like SOC 1 and SOC 2. Allium co-founder Chan stated in an interview with Fortune magazine that "this goes back to the lesson I learned while studying machine learning, you must control the data sources."

Allium's decision to raise funds at this time is related to two macro trends.

The first is the explosive growth of the stablecoin market. According to data disclosed by BusinessWire, the total market value of global stablecoins has reached $302 billion, with on-chain payment transaction volumes projected to reach $394 billion by 2025, and the scale of tokenized financial instruments expected to be $27.6 billion. Additionally, CoinEdition reported that stablecoins processed over $33 trillion in transactions throughout 2025, with an average monthly transaction volume close to $1.5 trillion. Visa and major banks are accelerating the use of blockchain for cross-border settlements, and a reliable data infrastructure is required to track and verify every transaction.

The second trend is the rise of AI agents. An increasing number of tech companies predict that AI agents will autonomously conduct a large number of financial transactions, from payment API calls to cross-chain asset allocations. Stripe believes that blockchain and stablecoins are the best infrastructure for payments between AI agents. For AI agents to perform these operations, they must be able to read and understand on-chain data. Allium's AgentHub is designed for this purpose.

Allium CEO Ethan Chan's expression is even more direct: "Every major financial workflow runs on a recording system, whether it’s Bloomberg providing market data, DTCC handling securities settlement, or SWIFT processing payment messages. These systems underpin the operation of global finance. As finance migrates on-chain, there is still no shared, enterprise-level recording system." What Allium aims to be is this "recording system" in the blockchain world.

However, the challenges ahead for Allium are also very real. In emerging markets such as Asia-Pacific, it faces established local data service providers and varying regulatory requirements. Payment giants like Stripe and Mastercard are also extending their reach into blockchain data services. Furthermore, AI agent payments are still in their early stages, and large-scale deployment will take time. Whether Allium can replicate its experience serving Visa and the Federal Reserve to a broader market will determine whether it can grow from "Wall Street's data supplier" into a true industry infrastructure.