On November 19th, the privacy-focused decentralized finance (DeFi) platform 0xbow announced on Tuesday that it has successfully completed a seed round of funding amounting to $3.5 million. This funding round was 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, and Ethereum co-founder Vitalik Buterin was an investor in that round. The funds from this latest round will be utilized to expand its compliance-focused encrypted privacy technology, Privacy Pools. Privacy Pools employ smart contracts to batch process and mix user transactions, thereby obscuring on-chain linkages. At the same time, it enables users to prove their compliance with anti-money laundering and other legal frameworks. Its Associated Service Provider (ASP) system monitors deposits for suspicious activities without freezing user funds. (The Block)
