for investors ↓

Backing the protocol that will replace the exchange.

Centralized exchanges are an $8B+ liability waiting to happen — again. Middn is the non-custodial, AI-guided P2P protocol built to make them obsolete. Here's the case.

market size ↘
$2.3T
Annual crypto spot trading volume across CEXs in 2025.
source: CoinGecko, Kaiko
losses ↘
$8.4B
User funds lost in centralized exchange failures since 2014.
FTX, Mt. Gox, Celsius, +47 more
opportunity ↘
73%
Of surveyed traders say they'd switch to non-custodial if UX matched CEX quality.
Messari · 2025 trader survey

The wave is building.

Three things are converging at the same time. Each one alone wouldn't be enough. Together, they make Middn inevitable.

01 FTX crash trust broken 02 ZK matures privacy is real 03 AI agents UX is solved Middn 2022 2024 2025 2026 three waves · one product

What's broken. What we fixed.

Custody risk Exchange holds your funds. One hack, one bankruptcy = total loss.
Smart contract custody Funds locked in audited code. Math, not promises. Zero counterparty risk.
Privacy leaks KYC docs in leaky databases. Trade history sold to data brokers.
ZK proofs Verify without exposing. Compliance without surveillance. Privacy by default.
DEX complexity Gas wars, slippage, scam tokens. Bad UX scares mainstream traders away.
AI guidance An agent that flags risk, explains terms, handles disputes. CEX-grade UX, DEX-grade safety.

We're already moving fast.

6 months from first commit to mainnet. Audited, deployed, and growing on word of mouth alone — no paid marketing.

$24.3M

Volume settled (90d)

Aggregate trade volume processed through Middn escrow contracts since mainnet launch.

3,820

Unique wallets

Verified addresses that have completed at least one trade. Growing 42% month-over-month.

12,400+

Successful trades

Atomic settlements completed on-chain. 99.97% success rate, sub-15s median.

2

Audits passed

Trail of Bits + Halborn · 0 critical findings · $250k bug bounty open on Code4rena.

monthly volume ↑ USD · last 6 months
$10M $5M $1M $0 Dec Jan Feb Mar Apr May ✦ +340% MoM

Why Middn wins.

Three structural advantages that compound over time and get harder to replicate the longer we ship.

i.

Tech moat

Proprietary ZK circuits + AI agent trained on millions of on-chain trades. 18-24 months of head start over anyone trying to copy us today.

ii.

Network effect

Every trade adds wallet reputation data to the protocol. More trades = better AI risk detection = safer trades = more users.

iii.

Brand & trust

Open-source from day one. Two top-tier audits. Public bug bounty. We're building the protocol that competitors will have to point to.

We're raising a Series A.

To scale from protocol to platform: chain expansion, AI capabilities, institutional features, and a growth team.

round details Open · closing Q3 2026
$12M Series A · led by a strategic crypto-native fund · $8M committed, $4M remaining
Round size
$12.0M
Committed
$8.0M
Min ticket
$250K

use of funds ↓

45%
Engineering
Protocol, ZK circuits, AI agent
25%
Security
Audits, bounties, infra
20%
Growth
Partnerships, dev relations
10%
Operations
Legal, compliance, runway

Builders who've shipped this before.

Veterans of crypto infrastructure, cryptography research, and AI systems. Together at Middn since the first line of code.

A

Alex K.

CEO · Co-founder
Ex-Coinbase protocols team. Previously founded a derivatives DEX (acquired 2022). Stanford CS.
M

Maya R.

CTO · Co-founder
Ex-Polygon Labs zkEVM. Published author on Groth16 optimization. PhD cryptography, ETH Zürich.
J

Jules T.

Head of AI
Ex-Anthropic infra. Built trading agents at Jane Street. MIT EECS.

backed by ↓

Paradigm Variant 1kx Robot Ventures Balaji S. + angels
let's talk ↓

Want the full deck?

We share detailed financials, full roadmap, and the technical architecture deep-dive with serious partners. Reach out and we'll send it over.