Binance Labs, Sequoia China and others invest $2.5 million in zkPass

Quick Take

  • Binance Labs, Sequoia China and others invested in zkPass.
  • zkPass uses three types of technology to ensure high levels of privacy.

Privacy preserving protocol zkPass raised $2.5 million in a seed funding round.

Investors included Binance Labs, Sequoia China, OKX Ventures, dao5, SIG DT Investments — a Susquehanna International Group company — Cypher Capital, Leland Ventures and Blockchain Founders Fund.

zkPass uses a combination of three types of technology: zero-knowledge proofs, multi-party computation and three-party transport layer security. This gives users the ability to disclose personal data on any website without revealing or uploading the documents themselves.


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The technology can be used for concepts like decentralized identity passes, privacy-based healthcare data marketplaces and DeFi protocols that use off-chain data for credit applications.

The funding will support development of its pre-alpha testnet, which has 190,000 signups on its waitlist. The project was incubated by Binance Labs.

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Tim is the Editor-In-Chief of The Block. Prior to joining The Block, Tim was a news editor at Decrypt. He has earned a bachelor's degree in philosophy from the University of York and studied news journalism at Press Association Training. Follow him on X @Timccopeland.


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