Webb Protocol, a privacy system for cross-blockchain asset transfers, raised $7M in funding.
The round was led by Polychain and Lemniscap, with participation from Zeeprime, and CMS Holdings.
The company intends to use the funds to grow its staff base, accelerating the development of innovative privacy tools and protocols – including Zero-Knowledge and Multi-Party Computation (MPC) solutions – while creating the most privacy-centric and streamlined user experience possible.
Led by Drew Stone, Founder and CEO, The Webb protocol is an interoperable zero-knowledge proof based system for privately moving assets between blockchains. It plans to extend this capability into a cross-chain messaging system with zero-knowledge-based property testing for data stored in the system.
With offices in New York, Tel Aviv, Cairo and Miami, the company has already established a global footprint, as it gears up for an extended phase of international growth.
FinSMEs
08/05/2023