InitVerse, a blockchain project focused on privacy-preserving computation, has announced a strategic financing package totaling 500 BTC (approximately $50 million). The investment is reportedly led by the Tabula Rasa Foundation, an entity that has maintained a low public profile within the crypto venture capital space until now.
According to the official announcement, the funding is structured as a "conditional trigger option investment," a complex mechanism that essentially acts as a milestone-based release. The project states that the first tranche of 100 BTC has already been deposited into a foundation address, which InitVerse previously disclosed on social media in mid-October to promote transparency.
The Plan: Buybacks and TfhEVM R&D
The capital injection is earmarked for an aggressive expansion of the InitVerse ecosystem, centered around its core technology: TfhEVM (Threshold Fully Homomorphic Encryption Virtual Machine). This development aims to allow computations on encrypted data without ever decrypting it, a "holy grail" feature for privacy-focused blockchains.
If fully realized, this 500 BTC war chest would position InitVerse as a well-funded contender in the privacy infrastructure race. The inclusion of a token buyback program sends a strong signal to the $INI community, but for the broader market, the key verification will be the on-chain execution of the promised milestones and the practical delivery of its privacy-first applications.
Analysis: A Privacy Pivot Amidst Investor Obscurity
The funding announcement lands at a pivotal moment for the privacy coin sector in late 2025, as capital quietly rotates back into anonymity-focused projects amid a broader market rally. After years of relative dormancy, established privacy coins are experiencing explosive renewed interest: Zcash has surged over 1,260% since September, briefly surpassing Monero to become the largest privacy coin by market cap at more than $11 billion. It also witnessed a drastic surge in fees revenue, marking a 560% to $47.5 million in just 30 days.
The combined privacy coin market cap jumped from $24 billion to over $43 billion in just weeks, driven by record trading volumes and a clear shift in investor sentiment toward technologies that shield transactions from surveillance.
This resurgence is no coincidence—it is a direct reaction to escalating global privacy concerns. It signals that privacy infrastructure is no longer a niche cypherpunk experiment but a maturing, battle-tested layer now attracting serious capital in an increasingly monitored world.