Hong Kong, April 30, 2025 — Terminal 3, a fast-rising Web3 infrastructure startup based in Hong Kong, has successfully raised US$8 million in seed funding to accelerate the development of its enterprise-grade decentralized identity (DID) and credential management platform. The funding round, aimed at advancing data privacy and security in the decentralized economy, was co-led by Illuminate Financial and CMCC Global’s Titan Fund.
This capital infusion positions Terminal 3 to scale its decentralized identity services to a global enterprise audience while strengthening its core infrastructure to meet evolving data privacy regulations and Web3 compliance frameworks.
A Privacy-First Web3 Identity Layer for Enterprises:
Terminal 3’s platform serves as a critical layer in the Web3 tech stack, offering decentralized identity and credentialing infrastructure that integrates seamlessly with blockchain applications, enterprise systems, and consumer-facing platforms. The company currently supports a user base of nearly 8 million decentralized identities across multiple industries and blockchains, including finance, gaming, and decentralized social applications.
“Data privacy and secure digital identity are becoming essential to Web3’s global adoption, particularly as enterprises navigate increasingly strict compliance landscapes,” said Clifford Lau, Co-founder and CEO of Terminal 3. “This raise enables us to continue building a world-class, privacy-preserving infrastructure that empowers users and enterprises alike.”
Backed by Global Web3 and Fintech Leaders:
The $8 million round attracted backing from a distinguished lineup of Web3 venture capital firms and fintech investors:
- Illuminate Financial – a fintech-focused venture capital firm investing in enterprise solutions for financial services.
- CMCC Titan Fund – a leading blockchain venture fund by CMCC Global.
- Animoca Brands – a global leader in digital property rights and Web3 gaming.
- Progression Fund – an early-stage fund investing in Web3 infrastructure.
- IDG Blockchain – the blockchain-focused arm of IDG Capital.
- Cherubic Ventures – a global early-stage venture capital firm.
Terminal 3 also received follow-on investments from existing backers including:
- 500 Global – a leading early-stage VC firm.
- ConsenSys Mesh – the investment and incubation arm of Ethereum infrastructure leader ConsenSys.
- Hard Yaka – a fintech and identity-focused venture firm.
- BlackPine – a multi-strategy investment firm based in Hong Kong.
Fueling the Future of Compliant, Decentralized Identity:
With regulatory scrutiny intensifying around the handling of personal and financial data worldwide, Terminal 3’s privacy-first infrastructure addresses a critical gap in the Web3 ecosystem. Its platform enables enterprises to issue, manage, and verify decentralized credentials and user data while remaining compliant with global privacy laws such as GDPR, PDPO, and emerging Web3-specific data governance standards.
The newly secured funds will be used to:
- Enhance Terminal 3’s decentralized identity and credential management protocols
- Invest in new privacy-preserving technologies and integrations
- Expand partnerships within financial services, gaming, and social applications
- Accelerate global go-to-market efforts for enterprise adoption
“As Web3 moves into mainstream financial services, identity management and compliance-ready data infrastructure will become non-negotiable,” added Alexander Ross, Partner at Illuminate Financial. “Terminal 3 is positioned to become the enterprise backbone for decentralized identity, and we’re excited to back their next chapter.”
About Terminal 3:
Terminal 3 is a Hong Kong-based Web3 infrastructure company specializing in decentralized identity (DID) and credential management solutions for enterprises. Focused on enhancing privacy, security, and compliance in the decentralized economy, Terminal 3 helps organizations issue, manage, and verify decentralized credentials and user data seamlessly across blockchains. The platform currently supports nearly 8 million users and is rapidly expanding into enterprise, gaming, and DeFi verticals.
For more information, visit www.terminal3.xyz.
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