Polygon Spin-Off Miden Secures $25M to Bring Speed, Privacy to Institutional Giants

Miden, a protocol specializing in privacy and fast transaction speeds for large institutions, is spinning out of Polygon and has raised $25 million in a seed round.The funding will be used to develop the Miden's roadmap, including ecosystem expansion and developer tooling.This round was led by a16z crypto, 1kx and Hack VC, with participation from Finality Capital Partners, Symbolic Capital, P2 Ventures, Delta Fund, and MH Ventures.Miden’s design, which makes use of zero-knowledge technology, is geared for large institutions that need transaction confidentiality when executing large payment batches source: https://www.coindesk.com/tech/2025/04/29/polygon-spin-off-miden-secures-25m-to-bring-speed-privacy-to-institutional-giants