Sealance, a Miami, FL-bases provider of a decentralized cryptocurrency trust platform, raised an undisclosed amount in Seed funding.
The round was led by Galaxy and Ribbit Capital, with participation from Coinbase Ventures, Gemini Frontier Fund, Luno Expeditions and Jump Capital.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Founded by Shlomit Azgad-Tromer, Matthew Green, and Eran Tromer, Sealance is a company providing blockchain-based Trust Platform for cryptocurrencies based on advanced mathematics, cryptography, and zero-knowledge proofs.
The company’s technology augments transactions with supplemental information about the individual’s identity, while preserving privacy of this information and the underlying transaction. It then reasons about this information, using zx-SNARKs, to automatically enforce regulatory compliance, risk management policies, transaction reporting obligations and record-keeping processes on the blockchain in real time.
The Sealance Trust Platform works across currencies, exchanges, jurisdictions, businesses, individuals, and banks—and includes not just a policy enforcement transaction and compliance engine, but also proofs for identities.
FinSMEs
26/10/2022