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Polygon’s Miden Locks $25M War Chest—Wall Street’s Next Privacy Play?

Polygon’s Miden Locks $25M War Chest—Wall Street’s Next Privacy Play?

CoindeskEN
Author:
CoindeskEN
Release Time:
2025-04-29 12:27:26
0

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

Zero-knowledge proofs meet institutional adoption as Polygon’s spin-off Miden lands major funding. The pitch? Enterprise-grade privacy at blockchain speeds—because banks still think encryption is ’cutting edge.’

Behind the hype: Miden’s virtual machine could finally make private smart contracts viable for TradFi dinosaurs. Just don’t ask how they’ll explain ZK-rollups to shareholders.

The cynical take: Another nine-figure blockchain round where ’institutional adoption’ means hedge funds front-running the same tech they’ll lobby against in 2026.

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