PANews reported on November 12th that Seismic, a crypto privacy infrastructure startup, announced the completion of a $10 million funding round led by a16z crypto, with participation from Polychain, Amber Group, TrueBridge, dao5, and LayerZero. The company's total funding has reached $17 million.

Founded by CEO Lyron Co Ting Keh, Seismic aims to help fintech companies protect sensitive user information, such as salaries and rent, from being leaked on public blockchains when using encryption technologies. Seismic has already partnered with stablecoin account platform Brookwell and private lending service provider Cred to provide them with private blockchain payment tracks, preventing transaction data from being exposed on public blockchains.

The company plans to use the new funding to expand its services, including fiat currency deposit and withdrawal gateways and a crypto card project, and expects to generate revenue in the first quarter of 2026, charging 1 cent per transaction. Its competitor is Tempo (valued at $5 billion).