Solana Privacy Protocol Vanish Raises $1M Pre-Seed Led by Colosseum to Enable Instant Private Execution

Vanish, a Solana ecosystem privacy protocol, has closed a $1 million pre-seed financing round led by Colosseum, with participation from Solana Ventures, Pivot Global and several industry angel investors including a Solana co-founder.

The capital will be allocated to product development and integration efforts as Vanish advances its technical stack to address the trade-offs between privacy, regulatory compliance and transaction execution on-chain.

Vanish’s solution focuses on providing instant private execution to reduce the risk of traders being exposed to front- or back-runners, thereby helping preserve execution quality and the economic value of trading strategies on the Solana network.

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Source: https://en.coinotag.com/breakingnews/solana-privacy-protocol-vanish-raises-1m-pre-seed-led-by-colosseum-to-enable-instant-private-execution/