According to Foresight News, privacy-focused decentralized exchange (DEX) Brine Fi has completed a $16.5 million funding round at a valuation of $100 million. The round was led by Pantera Capital, with participation from Elevation Capital, StarkWare Ltd, Spartan Group, Goodwater Capital, Upsparks Ventures, and Protofund Ventures.
Brine Fi is supported by Ethereum scaling solution StarkWare and operates as a non-custodial, decentralized order book. It utilizes zero-knowledge proofs to ensure the privacy of trading positions.
