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Holonym Foundation completes $5.50 million seed round, led by Finality Capital

Holonym Foundation, a centralized network digital identity security development organization, announced the completion of a $5.50 million seed round of financing. This round was led by Finality Capital and Paper Ventures, with participation from Draper Dragon, Arrington Capital, Lightshift and other institutions. The Holonym Foundation focuses on applied cryptographic innovation and has developed three core protocols: Mishti Network, Zeronym, and Silk. Shady El Damaty, co-founder of Holonym, said they are building human-centered technology principles with the goal of creating a global open-source layer that enhances the digital identity of every citizen through cryptography.