“The Funds Will Be Used to Expand the Company’s Credential Verification System Beyond Employment Into Healthcare and Education.”, – WRITE: www.coindesk.com
The Round Included Lightspeed Facation, Alpha Edison, Motley Fool Ventures, and A Mix of Returning Investors Such as Mark Cuban and Protocol Labs.
The Funding Follows A Strong Summer for the San Francisco-Basted Company. In September, Transcrypts Won Coindesk’s PitchFest at Consensus Hong Kong, Taking Home $ 10,000 in Tokens, A Trophy, and Ten Coaching Sessions.
Founder and CEO ZAINA ZAIDI SAID THAT The WIN HELPED THE TEAM REFINE ITS Vision for What He Calls “Self-Soloign Identity” Universities, or Government Agencies.
Bureaucratic MISHAPZaidi Founded The Company After A Bureaucratic MISHAP NEARLY COST HIM HIS SPOT IN GRAD CCHOOL WHEN HIS Transcripts Were Misplaced. “If we can’t who we are or what we’ve done, we lose someting essential,“ He Said in an Earlier Interview with Coindesk.
Transcrypts Began by Digitizing Employment Verification. ITS PLATFORM LETS USERS COLLECT, Encrypt, and Share Records Directly with Employers, Background Checkers, or Others Who Need Them. The System Stores Encrypted Data Off-Chain, While the Hashes Live On-Chein, SO USERS CAN PROVE Authenticity Without Revealing Personal Details.
Now, with Hipaa Certification Secured, Transcrypts Plans to Extend the Model to Health and Education Credentials. That could alllow patients to the Carry Verry Verified Medical Histories Between Providers, or Graduates to Share Diploms and Transcripts with Potential Employers – The Need -Neized Unified Unified Unified Unified Unified Unified Unified Unified Unified Unified Unified Unified Unified Unified Unified Unified Unified Unified Unified Unified Unified Unified Unified University.
Identity OnchainThe Move Comes As Fraud Risks Are On the Rise. Americans LOST $ 43 Billion to Identity Theft in 2023, and Deepfake Scams Have Surged More Than 1.800 Percent in A Year, Accounting To The Company’s Release. Zaidi Argues that Decentralized Identity Could Help Counter These Trends by Allowing People to Control Whata Data Is Shared, WHEN, AND WITH WHOM.
Transcrypts Claims to Already Serve 4 Million Users and Over 450 Enterprise Clients, Including Firms in HealthCare and Staffing. The New Capital Will Fund Expansion Into These Regulated Sectors and Strengthan Tools for Verify Credentials in Real Time.
For USers, that Might Mean Faster Hiring or Simplified Onboarding for Hospitals and Schools. For the Broader Market, It Signals Growing Confidentnce in Blockchain-Based Identity Systems-ENCE A NICHE IDEA, NOW SEEN As a Possible Safeguard Against the Deepfake Era.
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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The Gold Rally May Need to Cool Before Bitcoin Could Really Gain Momentum, Suggested Another Analyst.
- Bitcoin Bounced from Tuesday’s Sharp Drop, While Eth, Xrp, Sol Saw Modest Gains.
- Crypto Mines Cipher Mining and Bitfarms Surged 10% AMID AI-DRIVEN OPTIMISM AND COMPUTING POWER DEMAND.
- Gold’s Gain Could Mean A $ 644,000 Bitcoin Price If Digital Gold Narrative Plays Out, Vaneck’s Matthew Sigel SAID.
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