#zero-knowledge proofs

[rwatimes]

Polymath Launches Confidential Assets on Polymesh, Bringing Institutional-Grade Privacy to Tokenization

➤ Polymath has launched 'Confidential Assets' on its Polymesh blockchain, enabling institutional-grade privacy for tokenized securities and real-world assets using zero-knowledge proof technology. ➤ This feature allows financial institutions to transact privately on a public blockchain without revealing sensitive details like positions or counterparties, addressing a key barrier to institutional adoption. ➤ Polymesh, designed for regulated financial assets, integrates identity, governance, and settlement as native protocol functions, with a post-quantum cryptography-ready version of Confidential Assets also in development.

[rwatimes]

Babylon Crosses $4B TVL as Trustless Bitcoin Staking Gains Ground in DeFi

Babylon's trustless Bitcoin staking protocol hits $4B TVL, enabling native BTC collateral in DeFi through zero-knowledge proof technology.

➤ Babylon's trustless Bitcoin staking protocol has achieved $4 billion in Total Value Locked (TVL), enabling native BTC collateral in DeFi. ➤ The protocol utilizes zero-knowledge proofs to verify Bitcoin states on other chains without requiring asset bridging or wrapping, significantly reducing verification costs. ➤ Planned integrations, such as with Aave V4, will allow native Bitcoin to be used as collateral for borrowing stablecoins, enhancing Bitcoin's utility within DeFi.

[rwatimes]

Starknet launches strkBTC for ZK-powered shielded Bitcoin on Layer 2

Starknet launches strkBTC, the first STRK20 wrapped Bitcoin asset with ZK-proof shielding, togglable privacy modes, and a five-party federation bridge.

➤ Starknet has launched strkBTC, a wrapped Bitcoin asset on its Layer 2 network, utilizing STRK20 framework for ZK-proof shielding and togglable privacy modes. ➤ The asset employs a five-party federation bridge for minting and burning, aiming to enhance privacy in DeFi applications like lending and staking while maintaining compliance options. ➤ strkBTC also incorporates post-quantum security measures and aims to differentiate itself from existing wrapped Bitcoin products by offering enhanced privacy features.

[rwatimes]

Xiao Feng's Hong Kong Speech: Empowered by Privacy Computing, All Commercial Institutions Will Become "Token Factories"

The tokenomics incentive framework comprising equity tokens, utility tokens, and NFTs proposed by HashKey has been fully implemented within the group, laying the foundation for version 2.0.

➤ Xiao Feng proposes that the convergence of AI Agents, blockchain tokens, and privacy computing (ZK/FHE) will transform commercial institutions into 'Token Factories' by tokenizing data for global, trustless access. ➤ He highlights the evolution from public to private/consortium chains and back, driven by privacy computing advancements that will enable robust compliance on public chains within 3-5 years. ➤ The future financial system will be designed for machines, featuring programmable money and new 'native digital assets' for the AI agent economy, reducing costs and enabling personalized financial services.

[rwatimes]

Why Polygon Just Buried Stablecoin Details Beneath Zero-Knowledge Proofs

The Ethereum layer-2 added a shielded transfer option for USDC and USDT, routing payments through zero-knowledge proofs to court institutional users.

➤ Polygon has launched a 'Privately Send' feature for USDC and USDT, utilizing zero-knowledge proofs via a partnership with Hinkal to enhance transaction privacy. ➤ This initiative aims to attract institutional users by offering operational privacy that complies with regulatory requirements, rather than complete market opacity. ➤ The launch aligns with Polygon's Open Money Stack and follows a significant increase in stablecoin activity on the network, boosted by recent regulatory developments like the GENIUS Act.

[rwatimes]

Polygon Introduces Confidential Stablecoin Transfers Using Zero-Knowledge Technology

Polygon debuts private stablecoin payments with zero-knowledge proofs and KYT screening, bridging the gap between blockchain transparency and institutional needs.

➤ Polygon has launched a new feature enabling confidential stablecoin transfers using zero-knowledge technology through a partnership with Hinkal. ➤ This innovation aims to bridge the gap between blockchain's transparency and institutional demands for privacy, while still allowing for regulatory compliance via KYT. ➤ The move is part of a broader trend towards privacy-enhancing solutions in the crypto space, with similar developments seen on other networks like Aptos and by traditional players like Western Union.

[rwatimes]

Aptos Announces Privacy Coin That Balances Safety and Transparency

Aptos Labs is rolling out a built-in privacy layer on its mainnet with the launch of Confidential APT, a privacy-enabled token pegged 1:1 to Aptos (APT). The project aims to conceal token balances and transfer amounts using zero-knowledge proofs while preserving the ability to ve...

➤ Aptos Labs has launched Confidential APT, a privacy-enabled token pegged 1:1 to APT, utilizing zero-knowledge proofs to conceal balances and transfer amounts while maintaining transaction verifiability. ➤ The feature passed Aptos governance with strong support, aiming to balance user privacy against regulatory transparency through auditable controls like auditor keys for KYC/AML purposes. ➤ Confidential APT targets both individual privacy needs and enterprise use cases, such as confidential on-chain payroll and treasury operations, with its adoption hinging on real-world volume and integration into compliance processes.

[rwatimes]

XRPL Validator: XRP Escrow On Steroids Might Be Coming Soon

The XRP Ledger continues to expand far beyond its original role as a fast payment network. As blockchain adoption moves deeper into institutional finance, tokenized assets, and automated settlements, developers are focusing on infrastructure that can support more complex financia...

➤ The XRP Ledger is developing enhanced escrow functionalities, integrating zero-knowledge proofs and smart contracts for more complex financial operations. ➤ This upgrade aims to enable escrows to trigger based on verified off-chain events, using oracles like Chainlink, which is crucial for institutional adoption of tokenized assets. ➤ The enhanced escrow system is expected to increase XRP Ledger's utility for enterprise use cases such as trade finance, tokenized bonds, and cross-border payments.