Luxembourg-based venture capital firm NextBlock has invested $3 million in Soda Labs, a startup developing privacy infrastructure for public blockchains. Soda Labs’ Bubble platform enables banks, financial institutions and DeFi applications to conduct transactions without publicly revealing balances, amounts or trading strategies. The technology uses garbled-circuit Multi-Party Computation and is already running in production on COTI’s mainnet, having processed over 100 million transactions. Soda Labs plans to expand Bubble to Ethereum, Polygon, Arbitrum, Base and Solana while pursuing integrations with banks, tokenization platforms and other financial infrastructure providers.
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