Octra Labs announces $20 million public token sale at a $200 million valuation.

Odaily Planet Daily reports that Octra Labs, the association behind the privacy blockchain project Octra, has announced a public token sale on Sonar (an ICO platform founded by Echo and recently acquired by Coinbase) on December 18th. The sale aims to raise $20 million, corresponding to a fully diluted token value (FDV) of $200 million, locking 10% of the token supply. The tokens will be sold at a fixed price, with all participants receiving tokens proportionally to their investment amount; any unsold tokens will be burned.

Octra Labs stated that the sales allocation ratio may be increased if demand is strong. All tokens will be unlocked and distributed shortly after the sale ends, following a model similar to Ethereum's 2014 ICO. Previously, Octra raised $4 million through Echo and completed a $4 million pre-seed funding round led by Big Brain Holdings, Finality Capital, Karatage, and Presto Labs.

In terms of token allocation, early investors hold 18%, Octra Labs holds 15%, and the remaining 67% is allocated to the community, including early users, validators, ecosystem contributors, Echo participants, and those who participated in this public sale. No single investor holds more than 3% of the tokens.

This ICO launch comes at a time when industry attention to privacy technologies is rebounding, including the rise of Zcash, the progress of Ethereum's privacy roadmap, Aztec's $60 million community sale, and Zama's completion of a financing round with a valuation of over $1 billion.

Founded in 2021, Octra claims to have developed its own fully homomorphic encryption (FHE) system from scratch, enabling computation to be performed in an encrypted state. This makes it suitable for scenarios such as private DeFi, dark pools, and AI training and inference. Its network can function as a standalone L1 layer or as a privacy coprocessor within ecosystems like Ethereum and Solana.

To date, the Octra network has processed over 100 million transactions, covering 1.5 million accounts, with a peak TPS of 17,000, and has not experienced any downtime. The testnet will be migrated to the mainnet soon, and programmable privacy development tools and integration capabilities with Ethereum and Solana will be launched in Q1 of 2026.

Octra Labs is located in Zug, Switzerland, with teams in Dubai and London. The core team consists of 17 people, many of whom are developers from the VK (Vkontakte) and Telegram environments. Funds raised through the ICO will go into the association's treasury and be used for ecosystem development after the mainnet launch.