Concordium Foundation
Bahnhofstrasse 20, Zug, 6300, Switzerland
Overview
Concordium is a privacy-focused blockchain for enterprises and governments, and the first project to have an innovative user identity layer built-in at the protocol level. Based in Zug, Switzerland, Concordium utilizes smart contracts and the cryptographic concept of zero-knowledge proofs, wherein users can verify that something is true without physically seeing the evidence. Designed to integrate with existing financial and business systems that must authenticate users’ identity on a day-to-day basis, Concordium has also been created to meet regulatory approval. While the data about network participants is anonymized on-chain, the platform retains the ability to revoke anonymity in a decentralized process only if requests are made by a legal authority. Concordium’s mainnet is due to launch in early 2021, with its incentivized testnet having already attracted plenty of interest.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Blockchain
- Information Technology
- Software
- Universities
Investment portfolio
- Concordex
Participated · Seed · May 2023
Concordex is an institutional‑grade liquidity management decentralized exchange (DEX) built on the Concordium blockchain. It aims to deliver regulation‑friendly DeFi by leveraging Concordium’s embedded identity verification layer to enable compliant participation by users and institutions. Features include simple trading interfaces, concentrated liquidity, flexible fee levels for liquidity providers, and planned on‑chain derivatives and tools for institutional investors. The project is developed by DeFi venture builder Tacans Labs and lists core team members including CEO Mathias Lundoe Nielsen, James Davies, Ivan Ivaschenko, and Marie Tatibouet. Concordex raised $1.7 million in seed funding in December 2022 from Tacans Labs, Skynet Trading, Seier Capital, and the Concordium blockchain and plans to launch its public testnet on May 25, 2023. The team aims to ship the platform on Mainnet in Q3 2023 and positions itself as a bridge between TradFi and DeFi.