Shiba Inu Secures $12 Million in Funding for New Privacy-Centric Blockchain

Shiba Inu, a popular digital assets and solutions network on the Ethereum blockchain, has raised $12 million from a number of non-U.S. strategic partners in venture capital. The funding round saw participation from numerous venture capital firms, including Comma 3 Ventures, Big Brain Holdings, Cypher Capital, Shima Capital, Hercules Ventures, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Polygon Ventures, Stake Capital, Illuminati Digital Capital, Primal Capital, Mechanism Capital, DWF Ventures and Spirit Dao.

This investment round comes through the purchase of TREAT, Shiba’s upcoming utility and governance token, marking the final non-stable token release for the network. TREAT will be native to Shina Inu’s newly announced blockchain, which integrates Fully Homomorphic Encryption (FHE) technology in partnership with This encryption is poised to address various challenges in the crypto space, particularly in regard to privacy and trust for tens of millions of users on the SHIB network.

The funding, facilitated through The Shiba Inu Mint S.A., a Panama-based corporation, will fuel the development of Shiba Inu’s new blockchain to help establish Shibarium as a leading meme hub and bolster security. Further, Shiba Inu is dedicated to advancing its solutions while ensuring their widespread adoption and applicability, evident in partnerships such as securing a .shib top-level domain with D3 and forging philanthropic collaborations. Additionally, the project is joining organizations like CDSA (Content Delivery & Security Association), demonstrating its commitment to security and integrity in the media and entertainment sectors.