Building “Compliant Privacy” for Crypto: Avishay Yanai’s Founder Story

After a six-week hiatus spent between reserve duty and bomb shelters, Beyond the Code is back with Avishay Yanai, co-founder and CEO of Soda Labs. In this episode, Yitzy sits down with one of Israel’s top cryptography minds to unpack the founder journey from academia and VMware to building a startup at the frontier of blockchain privacy. They discuss why most on-chain privacy tools are either fully transparent or regulatorily radioactive, and how Soda Labs is trying to build something different: privacy that institutions can actually use. Avishay explains the technical and commercial thinking behind “compliant privacy,” why they passed on the crowded MPC wallet space, and what it really feels like to go from researcher to startup CEO.