Terminal 3, a Hong Kong-based company focused on decentralized identity and data privacy solutions, has raised $8 million in seed funding.
Investors
The round was co-led by Illuminate Financial and CMCC Titan Fund, with additional participation from Animoca Brands, Progression Fund, IDG Blockchain, Cherubic Ventures, 500 Global, Consensys Mesh, Hard Yaka, and BlackPine.
Illuminate Financial is a thesis-driven venture capital firm focused on B2B fintech and enterprise companies that are defining the future of financial services, with offices in London, New York, and Singapore. Illuminate’s deep networks and trusted partnerships with key industry participants provide valuable insight into what the industry needs and help their portfolio companies achieve their full potential.
Titan Fund offers accredited investors exposure to attractive growth opportunities within the blockchain ecosystem through a traditional equity venture capital investment strategy, focusing on pre-seed to Series A investments across the key verticals of Infrastructure, Fintech, and Consumer Applications. It complements CMCC Global’s existing Digital Asset Funds and Crest funds, which focus on crypto assets and quant funds.
Terminal 3 Use of Funds
The company will use the funds to accelerate the development of a new data privacy and security protocol, enhance its decentralized identity platform, and support the rollout of its authentication and authorization solutions for AI agents.
About Terminal 3
Founded by Gary Liu, Malcolm Ong, and Joey Liu, Terminal 3 is a Web3 company building data infrastructure for a decentralized future. The company’s solutions are an alternative to centralized data systems that deprive users of privacy and saddle enterprises with compliance and security concerns. Terminal 3 leverages decentralized and privacy-enhancing technologies to empower an equitable Web3 where fully private user data is freely composable. The company offers a suite of tools, including decentralized identity oracles, privacy-preserving identity management platforms, and solutions for verifying identities without compromising privacy.
Funding Details
Company: Terminal 3 HK Limited
Raised: $8.0M
Round: Seed
Funding Date: April 2025
Lead Investors: Illuminate Financial, CMCC Titan Fund
Additional Investors: Animoca Brands, Progression Fund, IDG Blockchain, Cherubic Ventures, 500 Global, Consensys Mesh, Hard Yaka, BlackPine
Company Website: https://www.terminal3.io/
Software Category: Data Privacy, Web3, Decentralized Identity
Source: https://www.businesswire.com/news/home/20250427875194/en/