Beldex has raised $8 million in a new funding round led by Sigma Capital, with participation from NTC, Nxgen, Digital Consensus Fund, and EAK Ventures. The company said the money will accelerate development of privacy infrastructure for Web3 and AI, covering developer tooling, confidential applications, protocol security, AI infrastructure, and ecosystem adoption.
A privacy-first stack
Beldex already runs a privacy ecosystem that includes the Beldex Wallet, BChat, BelNet, Beldex Browser, and Beldex Name Service (BNS). The new funding will go toward tools like the Beldex Extension Wallet, SDKs, and account-based addresses, along with work on confidential assets and an EVM-compatible sidechain. The idea is to give developers building blocks rather than just consumer apps.
That sidechain is a big piece. Beldex is building it to be EVM-compatible, which means Ethereum-style dapps could eventually run on a privacy-preserving chain. The company also plans to expand interoperability with Binance Smart Chain and other ecosystems, using TSS and DKG based cross-chain architecture and quantum-safe technologies.
The AI privacy push
AI is where Beldex is spending a lot of attention. The company is working on privacy-preserving agent identities through BNS, encrypted AI communication via BChat, confidential payments, and secure AI execution. Research is also underway on Fully Homomorphic Encryption (FHE) and secure memory. The pitch is straightforward: if AI agents are going to handle sensitive data, they need privacy baked in from the start.
Beldex Chairman Afanddy Bin Hushni put it bluntly: privacy is becoming an infrastructure requirement, not a feature that can be added at the end.
Near-term priorities include the Beldex Extension Wallet, SDKs, VRF consensus, account-based addresses, confidential assets, and an EVM-compatible sidechain testnet. That's a packed list, and the funding should help move those pieces from whitepapers to working code.
Sigma Capital's CEO, Vineet Budki, said the round reflects a long-term conviction in privacy infrastructure, positioning Beldex well for the next era of Web3. No timeline was given for the testnet, but the company is clearly betting that privacy becomes a default requirement as AI and crypto converge.
