Hibachi, the first provable exchange, secured by zk math, Raise $5M Seed Round Led by Dragonfly

March 20, 2025

Hibachi, a decentralized trading protocol designed to enhance transparency and verifiability in on-chain transactions, has raised $5 million in seed funding. The investment round included contributions from Dragonfly, Electric Capital, and Echo. The funds will be directed toward advancing the protocol’s infrastructure and expanding its capabilities within the decentralized finance (DeFi) sector.

The protocol utilizes zero-knowledge proofs and other cryptographic techniques to establish a verifiable trading environment that eliminates reliance on centralized intermediaries. Hibachi is focused on developing a system that enables users to conduct transactions with increased security while maintaining privacy. The approach aims to create an efficient, auditable trading framework that aligns with DeFi’s principles of transparency and decentralization.

About Hibachi

Hibachi is a decentralized trading protocol that facilitates provable and transparent trade execution. By integrating zero-knowledge proofs and blockchain technology, the platform offers users a verifiable trading environment without exposing sensitive information. The protocol seeks to improve security and auditability in decentralized financial markets.

Website: https://hibachi.xyz/

X: @hibachi_xyz

About Investor

Dragonfly

Dragonfly is a venture capital firm specializing in blockchain and digital asset investments. The firm provides financial backing to projects across various stages of development, supporting infrastructure, protocols, and applications in the crypto sector. Dragonfly seeks to contribute to the growth of decentralized technologies by identifying and investing in emerging market opportunities.

Location: New York / Singapore

Website: https://www.dragonfly.xyz/

A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.