PANews reported on July 18 that the privacy finance protocol AI Cross Matrix (ACM) has completed a $12 million seed round financing, with participation from Asva Capital, Genesis Capital, BuzzBridge Capital (BZB), Avalon Wealth Club, and M2M Capital.

According to reports, ACM utilizes ZKP (Zero-Knowledge Proof), ring signatures, and AI-based routing obfuscation technology to build a tracking-resistant cross-chain asset transfer infrastructure.