"What came to the forefront this past summer in several large crypto firms was a lack of basic controls, checks and balances that most of us take for granted in the financial industry. With xalts, we are building innovative, institutional-grade investment products and solutions that focus on high compliance and control standards—things institutional investors care about."

https://economictimes.indiatimes.com/tech/funding/xalts-raises-6-million-from-marquee-investors/articleshow/94706497.cms