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The privacy DeFi platform 0xbow has completed a $3.5 million seed round of financing, led by Starbloom Capital.
On November 19, the privacy-focused Decentralized Finance (DeFi) platform 0xbow announced on Tuesday that it has completed a $3.5 million seed round of financing, led by Starbloom Capital, with participation from CEX Ventures, BOOST VC, Status Research & Development GmbH, and several angel investors. It is reported that 0xbow previously completed a pre-seed round of financing in 2024, with investors including Ethereum co-founder Vitalik Buterin. The funds will be used to expand its Compliance encryption privacy technology Privacy Pools, which uses smart contracts to batch and mix user transactions, thereby hiding on-chain links while allowing users to prove their compliance with AML and other legal frameworks. Its associated provider (ASP) system monitors deposits for suspicious activity without holding user funds. (The Block)