{"id":7343,"date":"2026-03-10T08:24:03","date_gmt":"2026-03-10T08:24:03","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=7343"},"modified":"2026-03-10T08:24:03","modified_gmt":"2026-03-10T08:24:03","slug":"zcash-spinout-zodl-raises-25m-after-electric-coin-company-exodus","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=7343","title":{"rendered":"Zcash Spinout ZODL Raises $25M After Electric Coin Company Exodus"},"content":{"rendered":"

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  • ZODL, a development lab formed by former Electric Coin Company engineers, raised over US$25M (AU$35.25M) to build privacy infrastructure for the Zcash ecosystem.<\/span><\/li>\n
  • The group emerged after a January 2026 governance dispute with ECC\u2019s overseeing board, leading the entire engineering team to establish an independent organisation.<\/span><\/li>\n
  • ZODL\u2019s Zodl wallet has processed over US$600M (AU$846M) in swaps and contributed to major growth in Zcash\u2019s Orchard shielded pool.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    ZODL, an independent development lab created by former Electric Coin Company engineers, has raised more than US$25 million (AU$35.25 million) in seed funding to continue building privacy infrastructure for the Zcash network. The organisation emerged after the entire engineering and product team resigned from Electric Coin Company in January 2026 following a governance dispute with Bootstrap, the nonprofit board overseeing the organisation.<\/p>\n

    The disagreement focused on development plans relating to the Zashi wallet and potential changes to the ZEC protocol. Josh Swihart, who previously led Electric Coin Company as chief executive, subsequently founded ZODL and brought the same engineering team together within the new organisation. Operating independently, the group now continues development of tools designed to support private digital payments within the Zcash ecosystem.<\/p>\n

    Related: Kalshi and Polymarket Each Eye $20B Valuations as Prediction Markets Hit $18B Monthly Volume<\/strong><\/p>\n

    ZODL Builds on Zashi Technology\u00a0<\/h2>\n

    Its central product is the Zodl wallet, a self-custodial mobile application built on the Zashi codebase introduced in 2024. The wallet enables users to hold ZEC and carry out shielded transactions that hide the sender, recipient and amount using zero-knowledge cryptography.<\/p>\n

    The team says the wallet has processed more than US$600 million (AU$846 million) in ZEC swaps since October. The application has also contributed to growth in the Orchard shielded pool, which expanded from roughly one million ZEC to around four million ZEC during 2025.<\/p>\n

    Investors in the seed round include Paradigm, a16z crypto, Winklevoss Capital, Coinbase Ventures, Chapter One and Arthur Hayes\u2019 Maelstrom, alongside several individual backers. Cypherpunk Technologies invested US$5 million (AU$7.05 million) in the company, stating the move aligns with its objective of supporting technologies that guarantee privacy online.<\/p>\n

    ZODL said the funding will support hiring engineers and advancing development of both Zcash protocol infrastructure and privacy-focused applications.<\/p>\n

    Related: OKX Says Australia Could Unlock $24B Digital Finance Boom With Faster Crypto Rules<\/strong><\/p>\n<\/p><\/div>\n

    Zcash,ZODL#Zcash #Spinout #ZODL #Raises #25M #Electric #Coin #Company #Exodus1773131043<\/p>\n","protected":false},"excerpt":{"rendered":"

    ZODL, a development lab formed by former Electric Coin Company engineers, raised over US$25M (AU$35.25M) to build privacy infrastructure for the Zcash ecosystem. The group emerged after a January 2026 governance dispute with ECC\u2019s overseeing board, leading the entire engineering team to establish an independent organisation. ZODL\u2019s Zodl wallet has processed over US$600M (AU$846M) in<\/p>\n","protected":false},"author":1,"featured_media":7344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[3185,100,87,3186,1078,2001,3183,977,3184],"class_list":{"0":"post-7343","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-25m","9":"tag-coin","10":"tag-company","11":"tag-electric","12":"tag-exodus","13":"tag-raises","14":"tag-spinout","15":"tag-zcash","16":"tag-zodl"},"yoast_head":"\nZcash Spinout ZODL Raises $25M After Electric Coin Company Exodus - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=7343\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zcash Spinout ZODL Raises $25M After Electric Coin Company Exodus\" \/>\n<meta property=\"og:description\" content=\"ZODL, a development lab formed by former Electric Coin Company engineers, raised over US$25M (AU$35.25M) to build privacy infrastructure for the Zcash ecosystem. 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