Hinkal, a ZK protocol, has raised $1.4 million in a strategic funding round led by AJ Scaramucci's SALT Fund.
Hinkal, a zero-knowledge protocol enabling institutional investors to trade on-chain privately, has raised $1.4 million in a strategic funding round.
He added that the round was structured as a simple agreement for future equity and token warrants and brought Hinkal's valuation to $70 million.Hinkal facilitates confidential on-chain trading for institutional investors such as venture capital funds, liquid funds and family offices. This is enabled through its ZK protocol, which lets users engage in decentralized applications with self-custodial private wallet addresses.
Koreli acknowledged that while Hinkal's KYB verification process resembles traditional finance, it differs in allowing users to activate reusable attestations. In contrast, traditional finance requires users to undergo KYB checks for each account opening, he said.
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