{"id":33483,"date":"2020-12-16T15:27:07","date_gmt":"2020-12-16T13:27:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33483"},"modified":"2025-08-28T14:02:16","modified_gmt":"2025-08-28T11:02:16","slug":"polychain-capital-leads-private-token-sale-in-cryptographically-transparent-defi-project","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/polychain-capital-leads-private-token-sale-in-cryptographically-transparent-defi-project\/","title":{"rendered":"Polychain Capital Leads Private Token Sale in Cryptographically Transparent DeFi Project"},"content":{"rendered":"<p>The cryptocurrency-focused venture firm Polychain Capital led a private funding round for the California-based project Findora, one of whose advisers is Balaji Srinivasan, the former CTO of Coinbase.<!--more--><\/p>\n<p>The deal amount was not disclosed, but, <a href=\"https:\/\/www.coindesk.com\/polychain-foxconn-funding-round-defi-findora\" target=\"_blank\" rel=\"noopener noreferrer\">CoinDesk<\/a>, citing a message from Findora representatives on Telegram, says it amounts to &#8220;tens of millions of dollars&#8221;.<\/p>\n<p>The project was also invested in by Allchaineed, Krypital Group, Axia8 Ventures, Cabin VC, Powerscale Capital and Jack Li, co-founder of Foxconn&#8217;s FNConn financial platform.<\/p>\n<p>Findora aims to build DeFi infrastructure for users who wish to prove ownership of a certain value without disclosing transaction details or the names of participating parties.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"q44lSxeGmi\">\n<p>Balaji Srinivasan, Coinbase&#8217;s CTO and Earn founder, has left.<\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u00abCoinbase \u043f\u043e\u043a\u0438\u043d\u0443\u043b CTO \u0438 \u0441\u043e\u0437\u0434\u0430\u0442\u0435\u043b\u044c Earn \u0411\u0430\u043b\u0430\u0434\u0436\u0438 \u0421\u0440\u0438\u043d\u0438\u0432\u0430\u0441\u0430\u043d\u00bb \u2014 ForkLog\" src=\"https:\/\/forklog.com\/news\/coinbase-pokinul-cto-i-sozdatel-earn-baladzhi-srinivasan\/embed#?secret=EyIZfP6LAV#?secret=q44lSxeGmi\" data-secret=\"q44lSxeGmi\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>The project positions itself as a &#8220;cryptographically transparent blockchain for building applications in decentralised finance&#8221; and uses technologies such as zero-knowledge proofs and Pedersen commitments.<\/p>\n<p>Representatives of Findora say that their solution will address &#8220;many of the pain points of traditional finance&#8221; and the DeFi sector, including limited access to financial services, over-collateralisation and insufficient interoperability and scalability.<\/p>\n<p>In a separate press release Findora announced <a href=\"https:\/\/www.prnewswire.com\/news-releases\/findora-a-confidential-open-finance-platform-announces-public-sale-starting-on-dec-28-301193223.html\" target=\"_blank\" rel=\"noopener noreferrer\">\u043f\u0443\u0431\u043b\u0438\u0447\u043d\u044b\u0439 \u0442\u043e\u043a\u0435\u043d\u0441\u0435\u0439\u043b<\/a> to run from 28 December 2020 to 11 January 2021.<\/p>\n<p>In November, Polychain Capital <a href=\"https:\/\/forklog.com\/en\/news\/polychain-capital-invests-in-defi-token-yfi\">invested<\/a> in the DeFi project yEarn Finance (YFI).<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency-focused venture firm Polychain Capital led a private funding round for the California-based Findora project, whose adviser is Balaji Srinivasan, the former Coinbase CTO.<\/p>\n","protected":false},"author":1,"featured_media":33484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1987,1093,849],"class_list":["post-33483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-balaji-srinivasan","tag-defi","tag-polychain-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=33483"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33483\/revisions"}],"predecessor-version":[{"id":33485,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33483\/revisions\/33485"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/33484"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=33483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=33483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=33483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}