Terminal 3: Empowering a Decentralized Future with Data Privacy and Security

Hong Kong’s Web3 Startup, Terminal 3, Raises $8 Million in Seed Funding

Terminal 3, a Hong Kong-based Web3 startup, has successfully raised a seed funding round of $8 million, with co-lead investments from Illuminate Financial and CMCC Titan Fund. This significant funding round will accelerate the development of the company’s novel data privacy and security protocol, as well as its decentralized identity and credentials platform for enterprises.

The investment will also drive the adoption of Terminal 3’s platform among nearly 8 million users across multiple blockchains and industries. The company’s founders, Gary Liu, Malcolm Ong, and Joey Liu, have extensive experience at world-class technology companies, including Google, Spotify, Microsoft, and Uber.

A Growing Need for Data Security

The rapid growth of Artificial Intelligence, particularly agentic AI, has accelerated the need for scalable, interoperable, and fully trusted data privacy infrastructure.
The adoption of AI agents creates numerous trust and data security issues, as automation requires a large quantum of sensitive information without a pre-existing framework for authorization and privacy.

“The market for agentic AI is set to grow at a staggering 4,000% in the next ten years,” said Yat Siu, Co-founder and Executive Chairman of Animoca Brands. “Trustless networks are critical for this market to scale responsibly, so Web3 technologies must be core to the future of AI. Terminal 3’s approach to decentralized data privacy and security for AI is revolutionary, and we are excited to be supporting their vision.”

Data Regulations and Consumer Awareness

Data regulations are becoming more stringent, with 83% of consumers now considering data privacy as the top condition for brand trust.
The adoption of emerging technologies can enable enterprise infrastructure to meet escalating compliance requirements and customer expectations without limiting company growth.

“The demand for user data grows exponentially, increasing the privacy risks for billions of people,” said Gary Liu, Co-founder and CEO of Terminal 3. “At the same time, evolving data regulations and security requirements are saddling enterprises with major compliance burdens and costs, impacting user experience and restricting the adoption of emerging technologies such as AI. Our new funding will help advance Terminal 3’s enterprise solutions that empower businesses to grow with new technologies while protecting their users and cutting costs.”

About Terminal 3

Terminal 3 is a Hong Kong-based Web3 startup building data infrastructure for a decentralized future. The company’s solutions are an alternative to centralized data systems that deprive users of privacy and saddles enterprises with compliance and security concerns. Terminal 3 leverages decentralized and privacy-enhancing technologies to empower an equitable Web3 where fully private user data is freely composable.

Key Founders

Gary Liu, Co-founder and CEO
Malcolm Ong, CPO
Joey Liu, COO

The company’s founders have extensive experience at world-class technology companies, including Google, Spotify, Microsoft, and Uber. Most recently, Gary was CEO of the South China Morning Post, Hong Kong’s century-old newspaper of record, from 2016 to 2022.

About Illuminate Financial

Illuminate Financial is a thesis-driven venture capital firm focused on B2B fintech and enterprise companies defining the future of financial services. With offices in London, New York, and Singapore, Illuminate provides real insight into the industry and helps its portfolio companies achieve their full potential.

About CMCC Titan Fund

CMCC Titan Fund offers accredited investors exposure to attractive growth opportunities within the blockchain ecosystem through a traditional equity venture capital investment strategy focusing on pre-seed to series A along the key investment verticals of Infrastructure, Fintech, and Consumer Applications. The Titan Fund is CMCC Global’s latest fund strategy and complements its Digital Asset Funds, which have been investing directly into protocols and crypto assets since 2016.

Conclusion

Terminal 3’s innovative solutions for data privacy and security will accelerate the institutional adoption of Web3 technologies while creating a new era of digital trust.