Confidential tokens

Confidentiality
at the token level

Confidential tokens bring encrypted balances and transfers to onchain assets, with full composability and programmable compliance.

Every balance and transfer onchain is public. Confidential tokens encrypt them, without breaking composability or compliance.

Standard Tokens
Confidential Tokens
BALANCES
Visible to anyone onchain
Encrypted onchain, only you can decrypt yours
TRANSFER AMOUNTS
Exposed in every transaction
Encrypted in every transaction
POSITIONS & STRATEGY
Exposed and trackable over time
Encrypted, nothing to track over time
COMPLIANCE
Public by default
Selective disclosure via Access Control List
BALANCES
USDC
Visible to anyone onchain
cUSDC
Encrypted, visible only with your authorization
TRANSFER AMOUNTS
USDC
Exposed in every transaction
cUSDC
Encrypted end to end
TRADING STRATEGY
USDC
Public by default
cUSDC
Selective disclosure for auditors and regulators
COMPLIANCE
USDC
Compatible with public blockhain.
cUSDC
Build-in Access Control List (ACL) module

How confidential tokens work

Shield, transact, and unshield at any time

Shield

Deposit USDC into the official cUSDC contract and receive cUSDC 1:1. Your balance is encrypted from that point on.

Transact

Send, receive, hold, and earn with confidential tokens like standard tokens, with amounts encrypted.

Unshield

Redeem confidential tokens for their underlying standard tokens 1:1 at any time.

Use cases

Built for how money actually moves

Confidential Treasury

Hold and pay in confidential tokens without publishing your balances, payroll, or runway.

Confidential Payroll

Salaries and compensation stay between you and the recipient, not the entire chain.

Confidential Trading

Trade and settle size onchain without exposing your strategy, positions, or terms. No MEV, no front-running.

Confidential Yield

Earn from audited DeFi strategies without exposing your deposits, balances, or allocation.

Compliance by design

Confidential Tokens are built on ERC-7984, with programmable compliance through the Zama Protocol's Access Control List (ACL).

Encrypted by default.
Balances and amounts are confidential from the first transaction.

Disclosed on your terms.
Grant visibility to auditors or regulators when required.

Auditable by design.
Addresses and transaction history stay verifiable onchain.

Teams are already using and building on confidenital tokens

Real deployments, on Ethereum mainnet, today.

Morpho - Confidentiality Meets DeFi Yield

Confidential USDC now earns yield through Steakhouse USDC Prime on Morpho, the same vault strategy and risk profile, with deposit size, direction, and timing encrypted onchain.

T-REX - Institutional-Grade Confidentiality Infrastructure for RWA

Zama became the default confidentiality layer for T-REX Ledger, bringing FHE-powered privacy, compliance and interoperability together in one public blockchain infrastructure built for institutional scale.

Bron - Confidential payroll on Ethereum mainnet.

Bron's CFO paid team salaries on Ethereum mainnet using confidential USDT, amounts encrypted end-to-end with FHE, visible only to sender and recipient.

Raycash - Private, compliant banking rebuilt onchain.

Raycash delivers a Revolut-style banking experience — IBANs, cards, yield — fully self-custodial and powered by Zama's FHE encryption, keeping balances and transactions private while remaining compliant with regulators.

Blockscout - The first explorer to support confidential tokens natively.

Blockscout now indexes and displays ERC-7984 confidential token activity, showing transfers, senders, and recipients onchain while keeping encrypted amounts fully private, powered by the Zama Protocol.

GSR - The first confidential OTC trade on Ethereum mainnet.

GSR executed the first confidential over-the-counter trade using the Zama Protocol, with transaction amounts encrypted onchain between two KYC'd counterparties, eliminating information leakage and front-running risks.

Common questions

What is a confidential token?
Is my underlying token still mine?
Who can see my balance?
Are confidential tokens safe?
Which tokens exist today?
Can I use them in DeFi?
Where can I use confidential tokens?
How can I add confidential token support to my app?

GET STARTED

Shield Your Tokens
in One Transaction

Try it with any amount. Shield, send, and unshield to see exactly how it works.