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Iron Fish company profile covering its platform overview, features, and milestones.
Iron Fish is a privacy-focused Layer 1 blockchain built to make transactions in Web3 secure, anonymous, and simple to use. On most blockchains, wallet activity is open to the public, but Iron Fish takes a different approach, using zero-knowledge proofs (ZKPs), so every transaction stays encrypted by default. It uses zero-knowledge proofs (ZKPs), and all transactions are encrypted by default, employs a Proof-of-Work (PoW) methodology, and intends to serve as a universal privacy layer for cryptocurrency. Users can send, receive, and bridge assets without disclosing critical information such as the sender, receiver, or transaction amount. Simultaneously, it strikes a balance between privacy and usability, making it easier for developers and end users to connect with secure blockchain applications.
| Year | Key Achievements |
| 2018 | Iron Fish was founded by Elena Nadolinski with a clear focus on building a privacy-first Layer 1 blockchain powered by zk-SNARKs. |
| 2019–2020 | Work began on core protocol research using Sapling. The team built the early codebase and shaped the base architecture. |
| 2021 | The project raised $5.3M in seed funding and $28M in Series A led by a16z. Incentivized Testnet Phase 1 also went live. |
| 2023 | Mainnet launched on April 20. The $IRON token went live, and private custom assets were introduced. |
| 2024 | Integration with ChainPort enabled private asset bridging from Ethereum. The ecosystem also expanded with new tools. |
| 2025 | In March, Iron Fish was acquired by Base (Coinbase) to focus on privacy primitives for Layer 2. The core team moved into Base, while the Iron Fish Foundation shifted toward long-term protocol maintenance. |
Launch Date
Jan-2018
San Francisco International Airport, San Francisco, California 94128, United States
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| # | Investor Name | Investor Category | Funding Date | Funding Round | Invested By | Fund Raised |
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