Seismic Connects Blockchain Openness with Financial Confidentiality, Raises $10 Million
- Seismic, a crypto startup enhancing fintech privacy, raised $10M led by a16z crypto, totaling $17M. - Its encrypted blockchain enables fintechs to process crypto transactions without exposing customer data. - Partners like Brookwell and Cred use the private blockchain to hide financial details while expanding cross-border services. - The funding targets fiat on/off-ramping and card programs by 2026, competing with $5B rival Tempo in a privacy-focused crypto market.
Seismic, a cryptocurrency startup dedicated to boosting financial privacy for fintech platforms, has raised $10 million in a funding round led by a16z crypto, increasing its total investment to $17 million. Other investors in this round included Polychain, Amber Group, TrueBridge Capital, dao5, and
Seismic’s fundraising comes at a time when data security is a growing concern in the crypto industry. A16z crypto’s latest "State of Crypto" report highlighted an increase in Google searches about blockchain privacy, showing that users are worried about data leaks, as Fortune mentioned. Seismic addresses these concerns by using encryption, allowing fintechs to benefit from decentralized networks while maintaining privacy standards similar to those in traditional banking.
With this investment, Seismic intends to broaden its offerings to include fiat on- and off-ramps and card services, with plans to start earning revenue through transaction fees in early 2026, The Block reported. The company is up against competitors like Tempo, a Stripe-supported firm valued at $5 billion, but Co Ting Keh remains optimistic that the market is large enough for several companies, according to Fortune.
This funding reflects a wider movement of institutional interest in privacy-focused crypto infrastructure. As regulations tighten and data protection becomes more important, startups such as Seismic are working to reshape how fintechs use blockchain, striving to balance innovation with user confidence, The Block reported.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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