The Department of Truth banked €6M ($6.4M) in a Seed funding round led by Polychain Capital. The investment includes participation from a broad cohort of strategic investors, including Animoca Brands, Hashed, GSR, Huobi Ventures, Kenetic Capital, and LeadBlock Partners, alongside Arcane Group, DWeb3 Capital, MEXC Global, and NGC Ventures.
Based in the UK, the company develops foundational infrastructure for the decentralised economy. Specifically, it builds financial primitive layers intended to bridge gaps in current crypto market architecture, focusing on the technical requirements for institutional-grade reliability within Web3 ecosystems.
The funding allows the startup to scale its engineering team and accelerate the deployment of its core protocol. The support from Polychain and Animoca Brands suggests a specific focus on cross-chain interoperability and the standardisation of data truth within blockchain-based financial markets.
As digital asset markets mature, European infrastructure plays are increasingly shifting focus from retail applications toward the robust technical "plumbing" required for long-term institutional stability.
Originally reported by Tech Funding News.