Privacy-focused DeFi platform 0xbow has raised $3.5 million in seed funding, led by Starbloom Capital.

Odaily Planet Daily reports that 0xbow, a privacy-focused decentralized finance (DeFi) platform, announced on Tuesday that it has completed a $3.5 million seed funding round, led by Starbloom Capital, with participation from Coinbase Ventures, BOOST VC, Status Research & Development GmbH, and several angel investors.

It is reported that 0xbow previously completed a pre-seed funding round in 2024, with Ethereum co-founder Vitalik Buterin as an investor. This round of funding will be used to expand its compliant crypto privacy technology, Privacy Pools. Privacy Pools uses smart contracts to batch and mix user transactions, thereby hiding on-chain links and 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.