Umbra, a privacy protocol powered by Arcium, received a total of $154,943,746 in commitments at the close of a landmark Initial Coin Offering (ICO). The Solana ecosystem project attracted more than 10K participants on the futarchy-powered MetaDAO platform, demonstrating the market’s strong appetite for privacy-preserving applications and validating confidential transactions as critical infrastructure for decentralized finance.
Native privacy has been increasingly recognized as a key feature for all DeFi applications. Umbra leverages Arcium’s encrypted computing infrastructure, an ecosystem with the largest suite of apps at the forefront of encryption on Solana. Umbra supports a core functionality needed for applications and users to transact with confidence in the growing DeFi ecosystem. Enabling private transfers, swaps, and more, Umbra sits alongside various other use cases and applications powered by Arcium, like Dark Pool, hidden information games, and other consumer apps, bringing a new era of encrypted apps onchain. Overshooting the $750K raise target by more than 2000X, Umbra’s heavily oversubscribed token sale illustrates an industry-wide push to return to core values of privacy and financial freedom.
Kru, Co-founder of Umbra, said, “We’re genuinely overwhelmed by the support from our community. This raise is a strong signal that privacy-preserving technology isn’t just a niche anymore — it’s becoming a fundamental expectation for users. We’re excited to keep building and delivering on our vision with Arcium and the Solana ecosystem.”
With its Mainnet Launch planned to go live in alignment with Arcium’s Mainnet Alpha, Umbra will be among the first live privacy protocols on Solana to leverage this cutting-edge infrastructure. Arcium, which recently completed the second phase of its public testnet, has raised over $15 million for its growing ecosystem of over 20 projects. Powered by Multi-Party Computation (MPC), Arcium provides the foundation for encrypted computation, allowing new and existing applications to leverage its network for trustless and scalable data processing.
Yannik Schrade, CEO of Arcium, said, “It’s incredible to see Umbra’s ICO become a record-breaking success. It’s a clear message from users who want greater control and privacy over their onchain activity. What Umbra is doing for privacy on Solana is just the beginning; Arcium’s infrastructure opens access to fast and trustless, encrypted computing power for every use case that needs it, marking a monumental shift for public blockchains.”
Funding from the raise will support Umbra’s build plan, which includes introducing private swaps inside the Umbra App, made more accessible by an upgrade to the user interface, and the development of a Zcash to Solana bridge, unlocking ZEC liquidity for Umbra’s anonymity pools and expanding cross-chain privacy use cases. Future revenue streams for the privacy protocol include a tiered protocol fee structure, designed to optimize access and affordability, and the monetization of Umbra’s Software Development Kit (SDK) geared towards wallets, dApps, and financial platforms.