Houdini Swap receives $250,000 investment from Institutional VC Fund Theia Blockchain

Kingstown, St. Vincent, May 22, 2023 (GLOBE NEWSWIRE) — Houdini Swap, one of the fastest growing solutions for compliant anonymous exchange and sending of digital assets, has announced the successful completion of a $250,000 funding round from Theia Blockchain.

Houdini Swap is a privacy tool that allows users to anonymize crypto transactions. Users can easily and securely send, exchange or bridge tokens without revealing their private wallets. Houdini Swap is one of the most widely used privacy tools in DeFi, generating over $50,000,000 in swap volume since inception and $21M in the last 2 months. With the recent release of their API, Houdini Swap is moving to become an infrastructure layer, providing privacy as a service to protocols, DEXs, wallets, projects and other web3 commerce.

Houdini Swap

This round of funding enables the project to accelerate growth and reinvest in the project. The team plans to use the proceeds for product development, new hires for technology and marketing, and to support the $POOF token buyback program.

“We are thrilled to partner with Theia Blockchain,” said Lou Waroo of Houdini Swap. “Theia understands the addressable anonymous exchange market and aligns with our vision for compliant on-chain privacy. They bring a wealth of knowledge in the regulatory space along with an extensive network. We are proud to welcome them with open arms to our humble community of wizards.”

“We believe compatible privacy technology is critical to the development of the Internet financial system,” said John McNiff, CEO of Theia Blockchain. “You cannot expect companies to pay suppliers and wages without privacy protection. You cannot expect individuals to post their assets and transaction history for all to see. Houdini Swap is the first project to tackle the anonymity problem in Web3 in a way that seeks to achieve privacy combined with regulatory compliance. We are very excited to support their continued growth as they become the anonymous middleware layer in DeFi.”

As a project that has, to date, been fully bootstrapped, this funding round represents a major milestone for Houdini Swap and underscores the growing demand for privacy in Web3.

For more information, visit Houdini Swap’s website at .

About Houdini Swap

Houdini Swap is a compliant privacy tool and infrastructure layer that allows users to anonymize crypto transactions. Users can easily and securely send, exchange or bridge tokens without revealing their private wallets. By using Monero as a tunnel, Houdini anonymizes blockchain transactions and ensures that there is no traceable connection between the sender wallet and the recipient wallet. The project is integrated with 20+ blockchain protocols and has processed over $50,000,000 in exchange volume in less than a year. For more information please visit the Houdini Swap website.

About Theia Blockchain

Theia is an institutional asset manager that invests in EVM DeFi infrastructure assets through structured products and long-term buy and hold strategies. Theia seeks to identify projects with leading teams and attractive foundations that target large markets within the Internet financial system. Theia has extensive experience in institutional private equity where her team invested over USD 6 billion while working at Goldman Sachs, Baypine, Declaration Partners and JLL. Theia has also partnered with a DC-based policy consultant, PolicyPartner, to help navigate the complex political and regulatory landscape on behalf of their investors and portfolio companies.

Media contact:

Name: Robert Pennington

Email: [email protected]