Zoth announced it has closed an undisclosed strategic funding round as it works to build what it describes as the world’s first privacy-focused stablecoin neobank for both retail users and institutions.
The company said the round was led by Taisu Ventures and included participation from Luca Netz, the CEO and owner of Pudgy Penguins, and JLabs Digital Family Office. Zoth also cited follow-on support from Blockchain Founders Fund.
Zoth described itself as a privacy-first, stablecoin neobank ecosystem focused on “trusted, transparent and compliant” financial infrastructure for an open-dollar economy. The company said the new capital will help advance its roadmap, positioning the platform as a bridge between decentralized finance yield opportunities and a neobank-style user experience intended to feel familiar to mainstream customers.
In the announcement, Zoth emphasized the demand in emerging markets for borderless, stablecoin-based financial services and said it aims to reduce adoption barriers by addressing complexity and privacy concerns. The company said its approach is designed to provide institutional-grade security to everyday users, enabling saving, spending, and earning in a dollar-denominated system without the volatility or technical friction often associated with crypto.
Zoth also highlighted brand-building as part of its go-to-market strategy, citing a mascot called Zoctopus and noting Luca Netz’s involvement as supportive of a retail-ready brand and community strategy. Separately, Zoth said JLabs Digital is participating as it pursues a regulated and compliant DeFi fund concept leveraging Zoth’s infrastructure.
KEY QUOTES
“Our decision to participate in the follow-on round reflects our continued confidence in Zoth’s execution since our initial investment. The team has made steady progress, with a clear emphasis on security, and we look forward to seeing how the company develops its longer-term strategy.”
Takashi Hayashida, Managing Partner, Taisu Ventures
“Our continued investment in Zoth reflects conviction in their execution. Privacy-first stablecoin infrastructure unlocks markets traditional finance has ignored for decades. The team is building exactly that.”
Aly Madhavji, Managing Partner, Blockchain Founders Fund
