LEXR advised Silhouette Exchange on the successful completion of its $8 million Seed financing round, co-led by Polychain Capital and 6MV, with participation from Bullish, RockawayX, and Hivemind Capital.
On LEXR’s side, Yannick Bucher and Christian Meisser supported Chandler De Kock (CEO & Founder) throughout the transaction and helped guide the company efficiently from term sheet to closing.
Silhouette is building the first shield exchange on Hyperliquid, a privacy-preserving layer that batches and matches orders off-chain within Trusted Execution Environments (TEEs) and settles them on-chain. By combining privacy-preserving infrastructure with on-chain settlement, the platform enables more secure and efficient trading environments for digital assets.
The new funding will support the continued development of Silhouette’s platform and the expansion of its privacy-preserving infrastructure for on-chain trading. This transaction also reflects the continued evolution of hybrid financing structures in the digital asset space, combining equity-like instruments with token-based upside. Congratulations to Chandler De Kock and the entire Silhouette team!
