• ZODL, a improvement lab shaped by former Electrical Coin Firm engineers, raised over US$25M (AU$35.25M) to construct privateness infrastructure for the Zcash ecosystem.
  • The group emerged after a January 2026 governance dispute with ECC’s overseeing board, main your entire engineering staff to ascertain an impartial organisation.
  • ZODL’s Zodl pockets has processed over US$600M (AU$846M) in swaps and contributed to main development in Zcash’s Orchard shielded pool.

ZODL, an impartial improvement lab created by former Electrical Coin Firm engineers, has raised greater than US$25 million (AU$35.25 million) in seed funding to proceed constructing privateness infrastructure for the Zcash community. The organisation emerged after your entire engineering and product staff resigned from Electrical Coin Firm in January 2026 following a governance dispute with Bootstrap, the nonprofit board overseeing the organisation.

The disagreement targeted on improvement plans regarding the Zashi wallet and potential adjustments to the ZEC protocol. Josh Swihart, who beforehand led Electrical Coin Firm as chief government, subsequently based ZODL and introduced the identical engineering staff collectively throughout the new organisation. Working independently, the group now continues improvement of instruments designed to help personal digital funds throughout the Zcash ecosystem.

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ZODL Builds on Zashi Know-how 

Its central product is the Zodl pockets, a self-custodial cellular utility constructed on the Zashi codebase launched in 2024. The pockets permits customers to carry ZEC and perform shielded transactions that cover the sender, recipient and quantity utilizing zero-knowledge cryptography.

The staff says the pockets has processed greater than US$600 million (AU$846 million) in ZEC swaps since October. The appliance has additionally contributed to development within the Orchard shielded pool, which expanded from roughly a million ZEC to round 4 million ZEC throughout 2025.

Traders within the seed spherical embrace Paradigm, a16z crypto, Winklevoss Capital, Coinbase Ventures, Chapter One and Arthur Hayes’ Maelstrom, alongside a number of particular person backers. Cypherpunk Applied sciences invested US$5 million (AU$7.05 million) within the firm, stating the transfer aligns with its goal of supporting applied sciences that assure privateness on-line.

ZODL stated the funding will help hiring engineers and advancing improvement of each Zcash protocol infrastructure and privacy-focused purposes.

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The publish Zcash Spinout ZODL Raises $25M After Electric Coin Company Exodus appeared first on Crypto News Australia.