SEI Foundation, NonProfit Development Organization behind Layer-1 Blockchain SEI (SEI), examines the acquisition of bankruptcy personal genome company 23andme and puts the genetic data for 15 million users on blockchain rails.

The fund announced the initiative in an X post on Thursday and called the plan its “boldest Desci effort yet” -with reference to the decentralized science movement. Earlier this year it also launched one 65 million dollars venture capital fund Dedicated to Desci Startups, which is based on the SEI network.

The fund said that genomic data security is a national security question, especially as 23andme struggles with financial difficulties. The company, which is known for its DNA testing services directly to the consumer, filed for Chapter 11 bankruptcy protection earlier this week.

If the acquisition continues, SEI financing plans to integrate 23Ens data on its blockchain and give users ownership of their genetic data, secure privacy through encrypted transfers and allow individuals to decide how their data is monetized.

“This is not just about saving a company, it’s about building a future where your most personal data remains yours to control,” the fund said.

Numerous state attorneys have generally warned 23andme customers to delete their data from the platform in recent days since the company’s bankruptcy archiving.

Sei, the native token of the network, climbed up to 3% after the news before giving back some of the winnings.