DeFi privacy protocol Silent Protocol completes $5 million funding, led by Sora Ventures

ChainCatcher news, the DeFi privacy protocol Silent Protocol announced the completion of a $5 million funding round, led by Sora Ventures. This round of funding will be used to expand its network to build a secure layer for its applications that complies with the EU MiCA regulations, facilitating its collaboration with traditional institutions.

It is reported that Silent Protocol was launched in 2021, primarily to develop scalable privacy layers for existing applications, allowing current decentralized applications to maintain liquidity and scale using zk solutions. (Source link)