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Zama

(ZAMA)

Ethereum Chain
Privacy
TVL by Chain
AssetQuantity
Ethereum-staking$183.71M
staking$183.71M
Ethereum$127.31M

Protocol Information

Zama is an open source cryptography company building state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain

Stats

Total Value Locked

$494,752,160

$494.75M

Market Cap

$186,521,242

$186.52M

Methodology

TVL: total public ERC-20 reserves backing confidential wrappers from the on-chain registry, matching aggregate TVS (excluding ZAMA). Staking: ZAMA held in the cZAMA wrapper, plus the KMS and Coprocessor ProtocolStaking pool contracts.

Funding Rounds

A history of funding rounds and capital raised by the protocol, including participating investors and funding details.

Date

01 Apr 2020

$1.1M

Pre-Seed

Advancing Homomorphic Encryption for a More Private Internet

Other Investors

Anthony Bourbon
Lunar Ventures
Plug and Play

Date

07 Mar 2024

$73M

Series A

open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain and A

Lead Investors

Multicoin Capital

Protocol Labs

Other Investors

Metaplanet
Blockchange Ventures
Vsquared Ventures
Stake Capital
Juan Benet
Anatoly Yakovenko
Gavin Wood

Date

25 Jun 2025

$57M

Series B

Zama Protocol enables confidential smart contracts on any Layer 1 or Layer 2 blockchain. It uses end-to-end encryption to keep transaction inputs and contract state fully private, even from node operators. The protocol supports composability, allowing confidential contracts to interact seamlessly with each other and with public contracts. Developers also have fine-grained control over privacy settings, defining exactly who can decrypt specific data within their applications

Lead Investors

Pantera Capital

Blockchange Ventures

Valuation: 1000

Date

26 Jan 2026

$44M

Public token sale

Zama is an open-source cryptography company focused on Fully Homomorphic Encryption (FHE) for blockchain and AI. It provides developer-friendly FHE libraries that enable end-to-end encrypted computation, with ongoing performance improvements to support confidential smart contracts, AI workloads, and encrypted applications

Valuation: 550

Date

15 Jun 2021

$7.8M

Seed

Advancing Homomorphic Encryption for a More Private Internet

Other Investors

Anthony Bourbon
Lunar Ventures
Metaplanet Holdings
Vsquared Ventures
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