Jinse Finance reported that Silent Protocol is a start-up company initiated by researchers from TÜBİTAK BİLGEM, a leading technology and science center in Turkey, dedicated to improving Turkey's technological and scientific capabilities. Its main focus is to develop a scalable privacy layer for existing applications, which removes the need to exchange liquidity from existing pools.


Launched in 2021, the project has already attracted initial funding from venture capital firms such as Zee Prime capital, Mechanism capital, Hypersphere and Daedalus.
In a $5 million funding round led by Sora Ventures, Silent Protocol aims to expand its network beyond web3. Its goal is to facilitate their cooperation with traditional institutions by building a security layer for their applications that complies with EU MiCA (Markets in Cryptoassets) regulations.
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