Holonym Foundation, an organization building digital identity security for the decentralized web, raised $5.5M in Seed funding.
The round was led by Finality Capital and Paper Ventures, with participation from Arrington Capital, Draper Dragon, Lightshift, Zero Knowledge Ventures, Zero DAO and others.
The company intends to use the funds to expand operations and its development efforts.
Co-founded by Nanak Nihal Singh Khalsa and Shady El Damaty, Holonym Foundation is an organization building the next generation of digital identity security for the decentralized web that focuses on the proliferation of Human Keys to make security and privacy more usable in zero trust environments. It has developed infrastructure to allow to create Human Keys with Mishti Network, use them with Silk and privately prove facts about their identity with Zeronym.
Its products are:
- Mishti Network: a threshold network for zero trust Human Key derivation. Create high entropy Human Keys from private biometrics, passwords, security questions, or other human-memorable data. Mishti also empowers Zeronym’s programmable privacy for on-chain private banking, payments, and other real world regulated industries.
- Silk: a wallet for instant onboarding. Use Human Keys with zero trust protocols to save, send payments, access global internet finance protocols and manage your private data. Silk is a protected self-custody wallet that can be recovered without trusted guardians.
- Zeronym: proof of personhood and private identity. Fast client-side privacy for identity verification, supporting digital credentials from 180 countries. Use Human Keys to prove any fact privately without revealing any information in zero knowledge. Business can utilize Zeronym for privacy-preserving KYC/AML with programmable privacy for on-going monitoring.
FinSMEs
20/08/2024