TransCrypts is a blockchain-based platform reshaping digital identity and credential verification. They just secured 15 million in seed funding led by Pantera Capital. They also had backing from Lightspeed Faction, Mark Cuban, Alpha Edison, and other major investors.
The funding comes amid growing global concern over AI-driven fraud and deepfake manipulation. This becomes key as individuals and enterprises seek new ways to protect sensitive personal data.
Founded in 2020, TransCrypts allows users to verify and share their records securely. The platform connects directly to existing HR and payroll systems to issue cryptographically verified credentials. These credentials can then be shared with employers, landlords, or third-party verifiers without data breaches.
