TransCrypts Raises $15M for Enhanced Digital Identity, Fueling Blockchain Expansion

Blockchain startup TransCrypts has secured $15 million in seed funding led by Pantera Capital. This investment will be utilized to enhance its blockchain platform for digital identity and credential verification. The company aims to address the growing challenge of AI-driven fraud through innovative solutions. TransCrypts’ secure platform enables enhanced identity management and authentication, reducing risks associated with data security and privacy in the digital world.