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LAS VEGAS - ALT5 Sigma Corporation (NASDAQ:ALTS)(FRA:5AR1), a fintech company specializing in blockchain-powered payment and trading infrastructure with a market capitalization of $137.37 million and trailing twelve-month revenue of $18.05 million, has announced the activation of Lightning Network capabilities on its platform. According to InvestingPro analysis, the stock is currently trading above its Fair Value, following an impressive 294% surge over the past six months. This development enables instantaneous and low-cost Bitcoin transactions and sets the groundwork for Tether (USDT) stablecoin transactions over the Lightning Network, aiming to enhance transaction speed, stability, and cost-efficiency for enterprises engaged in high-frequency digital transactions.
The integration, powered by Voltage, a provider of enterprise-grade Lightning infrastructure, allows ALT5’s clients to utilize real-time settlement for Bitcoin and, prospectively, for stablecoins like USDT. "Real-time payments are no longer optional—they’re becoming essential for modern finance," said Peter Tassiopoulos, CEO of ALT5 Sigma. He emphasized that the availability of Lightning on their platform equips institutions with the ability to conduct instant Bitcoin payments and prepares for the anticipated demand for stablecoin settlements over Lightning.
The Lightning Network is expected to unlock new use cases for digital asset settlements, especially in areas such as cross-border commerce, high-frequency trading, and global merchant payments. Clients of ALT5 can expect to see a significant reduction in fees and transaction confirmation times, while still benefiting from the strong compliance and operational controls that are a hallmark of ALT5’s infrastructure. The company’s strategic expansion comes amid strong momentum, with InvestingPro data showing a year-to-date return of 91.61% and maintaining a FAIR overall Financial Health Score of 2.37.
Graham Krizek, CEO of Voltage, highlighted the significance of moving Tether over Lightning as a "stable, scalable payment method layered on top of Bitcoin’s security" and commended ALT5 for making this future accessible to institutions.
With the integration of the Lightning Network, ALT5’s platform now supports a comprehensive range of crypto transaction protocols, enabling real-time settlement across various digital assets and networks. ALT5 Sigma continues to monitor the evolving landscape of stablecoin settlement over Lightning as part of its commitment to delivering scalable and forward-looking payment infrastructure for global enterprises.
This announcement is based on a press release statement and reflects the company’s strategic direction towards enhancing its payment solutions and its collaboration with Voltage. ALT5 Sigma has not only processed over $5 billion USD in cryptocurrency transactions since its inception but is also a constituent of the Russell Microcap Index as of June 28, 2024. For deeper insights into ALT5’s financial metrics, growth potential, and additional ProTips, investors can access comprehensive analysis through InvestingPro, which offers exclusive financial health indicators and valuation models.
In other recent news, ALT5 Sigma Corporation has launched ALT5 Prime, a new product designed to enhance its Crypto-as-a-Service offering. This service aims to provide financial institutions with a comprehensive solution for entering the digital asset space, integrating with existing brokerage platforms and post-trade processing systems. ALT5 Prime includes features like real-time trading, stablecoin settlement integration, and compliance tools aligned with SEC and FINRA requirements. Additionally, ALT5 Sigma has joined the Securities Industry and Financial Markets Association (SIFMA), a significant trade association for U.S. broker-dealers and investment banks. The company plans to participate in the upcoming SIFMA Operations Conference & Exhibition. ALT5 Sigma’s integration of stablecoin capabilities is strategically aligned with the growing demand for digital asset settlement services, especially as the global stablecoin market continues to expand. In 2024, ALT5 Sigma processed over $2 billion in cryptocurrency transactions through its platforms. The company’s involvement in the digital asset space is further supported by its membership in the Russell Microcap Index since June 2024.
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