Encrypted wallet developer Demox Labs secures $4.5 million in funding led by HackVC

Demox Labs, which develops encrypted wallets, has raised $4.5 million in funding led by HackVC.

According to Axios, Demox Labs, a developer of encrypted wallets, has completed a $4.5 million funding round led by HackVC. The funds will be used to support the development of various products for the privacy-focused Aleo blockchain. Demox Labs is a privacy-focused laboratory dedicated to building privacy-protecting ZK infrastructure on the programmable privacy network Aleo. The company has already launched the Leo Wallet, a privacy-protecting wallet on the Aleo blockchain.

Reference: https://www.axios.com/2023/06/01/demox-labs-funding-raise-crypto-wallet

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