Privacy-focused DeFi platform 0xbow completes $3.5 million seed funding round, led by Starbloom Capital

BlockBeats News, November 19th, Privacy-focused decentralized finance (DeFi) platform 0xbow announced on Tuesday that it has completed a $3.5 million seed round of funding, led by Starbloom Capital, with participation from Coinbase Ventures, BOOST VC, Status Research & Development GmbH, and several angel investors.

It is reported that 0xbow had previously completed a pre-seed round of funding in 2024, with Ethereum co-founder Vitalik Buterin as an investor. This round of funding will be used to expand its compliance-focused encrypted privacy technology Privacy Pools. Privacy Pools utilize smart contracts to batch process and mix user transactions, thereby obfuscating on-chain linkage, while enabling users to prove their compliance with anti-money laundering and other legal frameworks. Its Associated Service Provider (ASP) system monitors deposits for suspicious activity without freezing user funds. (The Block)