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NEW YORK - ALT5 Sigma Corporation (NASDAQ:ALTS), a blockchain payment infrastructure company with a market capitalization of $132 million, has been added to the Russell Microcap Growth, Russell 3000E, and Russell 3000E Growth Indexes as part of the 2025 Russell indexes reconstitution, the company announced Tuesday. The stock has delivered an impressive 238% return over the past year, according to InvestingPro data.
The fintech firm had previously been included in the Russell Microcap Index since June 2024.
"The recent reconstitution of the Russell indexes and our inclusion in both the Russell 3000E and Russell 3000E Growth Indexes is a powerful validation of our sustained momentum," said Peter Tassiopoulos, CEO of ALT5 Sigma Corporation.
FTSE Russell determines index membership primarily based on objective market capitalization rankings and style attributes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.
According to the press release, Russell’s U.S. indexes served as the benchmark for approximately $10.6 trillion in assets as of June 28, 2024.
Founded in 2018, ALT5 Sigma provides blockchain-powered technologies for tokenization, trading, settlement, payment, and digital asset custody. With annual revenue of $18 million and a gross profit margin of 49%, the company supports over 1,000 businesses globally and has processed more than $5 billion in cryptocurrency transactions since inception. InvestingPro rates the company’s overall financial health as Fair, with particularly strong momentum scores.
ALT5 Sigma offers two main platforms: ALT5 Pay, a cryptocurrency payment gateway, and ALT5 Prime, an electronic over-the-counter trading platform for digital assets.
The company is also advancing the separation of its biotech business, which will continue under "Alyea Therapeutics Corporation," focused on developing non-addictive pain-relieving drugs.
In other recent news, ALT5 Sigma Corporation has integrated Lightning Network capabilities into its platform, enhancing the speed and cost-efficiency of Bitcoin and Tether (USDT) transactions. This development, powered by Voltage, allows for real-time settlement and is expected to significantly reduce fees and transaction confirmation times for clients. The integration aims to unlock new use cases for digital asset settlements, particularly in cross-border commerce and high-frequency trading. Additionally, ALT5 Sigma has launched ALT5 Prime, a service designed to help financial institutions enter the digital asset space with a comprehensive "exchange-in-a-box" experience. This new offering includes real-time trading and stablecoin settlement integration, aligning with regulatory compliance requirements. The company has also joined the Securities Industry and Financial Markets Association (SIFMA) to further its involvement in the financial sector. These strategic moves position ALT5 Sigma to capitalize on the growing demand for digital asset settlement services among traditional financial institutions. The firm has processed over $2 billion in cryptocurrency transactions in 2024 and continues to expand its offerings in the fintech landscape.
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