Houdini Swap, a leading solution for compliant anonymous digital asset swapping and sending, has announced that it has secured a $250,000 investment from Theia Blockchain. Houdini Swap provides users with a privacy tool that allows them to anonymize crypto transactions, offering a secure way to send, swap, and bridge tokens without revealing private wallets.
With over $50 million in swap volume since its inception and $21 million in the past 2 months, Houdini Swap is one of the most widely used privacy tools in the decentralized finance (DeFi) space. The recent release of its API positions Houdini Swap as an infrastructure layer, offering privacy as a service to various protocols, decentralized exchanges (DEXs), wallets, projects, and other web3 commerce platforms.
The financing round will enable Houdini Swap to accelerate its growth and reinvest in the project. The funds will be used for product development, new hires in technology and marketing, and to support the $POOF token buyback program. Houdini Swap expressed excitement about partnering with Theia Blockchain due to their understanding of the addressable market for anonymous swapping and alignment with Houdini Swap’s vision for compliant onchain privacy.
Theia Blockchain, an institutional asset manager, invests in Ethereum Virtual Machine (EVM) DeFi infrastructure assets through structured products and long-term buy and hold strategies. Theia aims to identify projects with strong teams and attractive fundamentals that target large markets within the Internet Financial System. Their extensive experience in institutional private equity, including at Goldman Sachs, Baypine, Declaration Partners, and JLL, brings valuable expertise to the partnership. Theia has also partnered with a DC-based political consultant, PolicyPartner, to navigate the complex political and regulatory landscape on behalf of their investors and portfolio companies.
This financing round marks a significant milestone for Houdini Swap, which has bootstrapped its operations until now. It highlights the growing demand for privacy in the web3 ecosystem.