Soda Labs raises $3M from NextBlock to scale blockchain privacy tech
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NewsroomHow does Soda Labs' Bubble payment layer improve privacy and performance for public blockchain transactions?
What makes Soda Labs' Bubble infrastructure unique compared to previous blockchain privacy solutions?
Which global financial institutions are interested in integrating Soda Labs' Bubble layer, and what is the expected impact?
- $3 million funding to transition Bubble cryptography from pilot to commercial rollout
- NextBlock exclusive backing to advance chain-agnostic privacy for regulated payments
On October 8, 2026, CoinDesk reported that Soda Labs raised $3 million in a seed round led exclusively by Luxembourg-based venture firm NextBlock, aimed at scaling its Bubble confidentiality technology for privacy-preserving blockchain payments. The investment is set to support Soda Labs as it moves from pilot projects to full commercial deployment, targeting adoption by financial institutions in banking and payments.
Soda Labs plans to use the funding to bring its chain-agnostic Bubble confidentiality layer—which utilizes garbled-circuit multiparty computation (GC-MPC)—into production environments. This technology is designed to enable private, yet compliant, transactions across public blockchains, addressing the needs of institutions that require both confidentiality and regulatory compliance.
With the new capital, Soda Labs aims to accelerate Bubble’s transition into live financial institution settings, helping banks and payment processors deploy scalable, privacy-compliant blockchain infrastructure for confidential transactions on open networks. The backing from NextBlock positions Soda Labs to expand its footprint in the financial sector and facilitate the next wave of regulated, yet private, digital payments.
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