The privacy blockchain project Beldex has completed $8 million in financing, led by Sigma Capital

According to Decrypt, the privacy blockchain project Beldex announced the completion of an $8 million financing round, led by Sigma Capital, with participation from institutions such as NTC, Nxgen, Digital Consensus Fund, and EAK Ventures. The new funds will be used for developer tools, privacy applications, protocol security, AI infrastructure development, and ecosystem expansion.

Beldex is exploring the use of its privacy technology to protect the identity, payments, communication, and data processing of AI entities, including privacy-preserving AI identities, encrypted AI communication, confidential payments, secure AI execution, as well as research on technologies such as fully homomorphic encryption (FHE) and secure memory.