Privacy DeFi platform 0xbow completes $3.5 million seed round led by Starbloom Capital
ChainCatcher reported that the privacy-focused decentralized finance (DeFi) platform 0xbow announced on Tuesday the completion of a $3.5 million seed funding round, led by Starbloom Capital, with participation from an undisclosed exchange, BOOST VC, Status Research & Development GmbH, and several angel investors.
This round of funding will be used to expand its compliant crypto privacy technology, Privacy Pools. Privacy Pools utilizes smart contracts to batch and mix user transactions, thereby obscuring on-chain links while enabling users to prove their compliance with anti-money laundering and other legal frameworks. Its Associated Set Provider (ASP) system monitors deposits for suspicious activity without withholding user funds.
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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