ConsenSys Targets Crypto Privacy and Adoption With New Investments

The venture capital arm of ethereum development studio ConsenSys is continuing to invest in the blockchain and cryptocurrency space with the backing of two early-stage startups. ConsenSys Ventures announced Thursday that it invested $1.15 million investment in zero-knowledge proof (ZKP) cryptography startup Ligero, while Philippines-based cryptocurrency exchange PDAX received an undisclosed sum.Kavita Gupta, founder of ConsenSys Ventures, told CoinDesk that the PDAX funding was a “one time payment of significant amount.”Gupta said in the announcement:“We continue to see privacy and the accessibility of exchanges to be two of the major pain-points for broader adoption of digital assets and blockchain technology. Both of these companies are taking unique approaches to solving these problems.”PDAX is regulated by both the central bank of the Philippines and the country’s securities regulator, and is expected to launch its platform in Q2 of this year, according to ConsenSys Ventures.