Seismic Raises $10M: Blockchain Privacy, Finally! 🤯

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Seismic just pulled off the blockchain equivalent of inventing pants-raising $10 million to solve the “privacy barrier” that’s been keeping fintechs from using public blockchains for things like private credit and cash accounts. Who knew? Turns out, no one wants their financial business exposed like a TikTok dance in a Zoom meeting. 🤪

Announced Nov. 12 by founder Lyron Co Ting Keh (a name that sounds like it belongs in a spy movie), this funding round-joined by Polychain, dao5, Amber Group, TrueBridge Capital, and LayerZero Labs-brings Seismic’s total to $17 million. For context, that’s about what you’d pay for a private jet if you asked Elon. ✈️

  • Seismic’s latest cash grab? $10 million, thanks to a16z and their friends. Total now? $17M. Math checks out. 🧮
  • The blockchain startup targets privacy barriers that limit fintech adoption of public blockchains. Spoiler: It’s like trying to whisper secrets in a group chat. 🗨️

Keh pointed to surging fintech interest in crypto for cross-border payments and lending but called out public ledgers for being “inherently transparent.” Translation: If your bank statement looked like a Wikipedia page, you’d probably want a nap. 😴

Inside Seismic’s vision for blockchain privacy

Seismic is building an encrypted blockchain with privacy baked in like grandma’s secret pie recipe. Unlike the wallet-level tools we’ve all been using (which are basically a privacy game of Whac-A-Mole), this thing hides sensitive data before it even hits the ledger. Early partners include Brookwell (stablecoin-based cash accounts) and Cred Protocol (private credit scoring). Basically, they’re the cool kids who brought the cloak of invisibility to the blockchain party. 🕶️

The company expects to start making money next year via transaction fees-finally! Blockchain companies, meet the concept of “actually generating revenue.” They’ll eventually expand into fiat ramps and card programs. Fingers crossed they don’t charge for the “crypto to fiat” conversion like it’s a spa day. 💆♀️

This round follows a16z’s June seed investment, where they wisely argued that major blockchains’ “radical transparency” is a problem. Zero-knowledge proofs? Great for correctness, but bad for apps needing shared private state. Seismic’s solution? A fix so smooth, it’s like adding Wi-Fi to a toaster. 🍞📶

The momentum reflects a broader trend: blockchain privacy is now the minimum viable product for mainstream adoption. a16z’s policy team compared this moment to the early internet-remember when HTTPS was a luxury? Now it’s a requirement. Plot twist: It was all about the privacy this whole time! 🎭

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2025-11-14 05:41