Privacy DeFi platform 0xbow completes $3.5 million seed round financing

Jinse Finance reported that 0xbow, a privacy-focused decentralized finance (DeFi) platform, announced on Tuesday that it has completed a $3.5 million seed round of financing. This round was led by Starbloom Capital, with participation from Coinbase Ventures, BOOST VC, Status Research & Development GmbH, and several angel investors. 0xbow had previously completed a pre-seed round in 2024, with Ethereum co-founder Vitalik Buterin as an investor. The funds from this round will be used to expand its compliant crypto privacy technology, Privacy Pools. Privacy Pools utilize smart contracts to batch and mix user transactions, thereby obscuring on-chain links while allowing users to prove compliance with anti-money laundering and other legal frameworks. Its Associated Set Provider (ASP) system monitors deposits for suspicious activity without withholding user funds.