Arcium, a blockchain-based confidential computing project, raises $5.5 million in funding led by Greenfield Capital

PANews reported on May 9 that according to The Block, Arcium has completed a $5.5 million strategic financing round led by Greenfield Capital to develop a confidential computing network. Other participants in this round of financing include Coinbase, Heartcore Capital, Longhash VC, L2 Iterative Ventures, Stake Facilities, Smape Capital and Everstake, as well as well-known angel investors such as Solana co-founder Anatoly Yakovenko and Monad co-founder Keone Han. This network will allow more secure data processing and storage, and improve the privacy protection of transactions and applications. This round of financing will help Arcium expand its technology development and accelerate its pace of innovation in the field of confidential computing. Arcium previously developed Elusiv, a zero-knowledge privacy protocol based on Solana.