Zama Newsletter: $ZAMA on Revolut, $40M in the Confidential Vault, Hypernative Partnership, and More

August marked another step forward for confidential onchain finance: $ZAMA reached millions of Revolut users, and the first confidential vault crossed $40M.

Here's a quick recap of what happened across the Zama ecosystem this month.

$ZAMA is now available on Revolut

Blockchain privacy just went mainstream. $ZAMA is now available directly in the Revolut app, putting the token that secures the Zama Protocol in front of 70 million of users.

This listing also marks a milestone for Fully Homomorphic Encryption (FHE) itself: proposed in 1978, it was considered  impractical for decades, and now is running confidential finance in production and reaching millions of users . Later this year, a Learn & Earn campaign inside Revolut will introduce users to why onchain confidentiality matters.

Read more on our blog

The first vault accepting Confidential USDC (cUSDC) as deposit assets crosses $40M

For a treasury or a fund, earning yield in public DeFi means publishing position size and strategy in real time.

The Steakhouse Confidential Prime USDC vault on Morpho, curated by Steakhouse Financial, removes that: the same blue-chip strategy, with balances and allocations encrypted onchain, deposits settled in batches so observers see totals but never individual positions.

Earn yield with confidential USDC (cUSDC) directly from the Zama app

Also this month

• Zama x Hypernative: a milestone for Zama's mission to make programmable privacy and compliance compatible. Hypernative, which monitors $100B+ in digital assets for 350+ organizations, now provides real-time onchain monitoring and business-logic alerting across the Zama Protocol's contracts. It extends compliance by design beyond Elliptic's wallet screening, while keeping the balances and transfer amounts encrypted. Read more
• Zama x Openfort: Openfort built a recipe letting developers hold and move USDC with encrypted balances and amounts onchain, powered by Zama, while the user still gets a gasless embedded wallet with no seed phrase. Read more

For builders

Zama Developer Program - Mainnet Season 4 closes September 5, 2026 (11:59 PM AoE).

Final days to submit to the bounty: build a confidential PoolTogether, with encrypted deposits and winnings and verifiable winner selection. 5,000 cUSDT in rewards, up to 3 winners, and the top submission may get a professional OpenZeppelin audit toward production.

Submit your bounty solution

And meet Chris Wilder in Builder Story #2: 12+ confidential apps on the Zama Protocol, from digital inheritance to payments.

Around the ecosystem

• Ecosystem Builder Demos: Raycash walks through Stealth Wrap and FHE Permit.
• Panel discussion: Engineering compliant tokenized securities, featuring T-REX, OpenZeppelin, and Zama.

What's next

• Zama is going to KBW and TOKEN2049. See the agenda here.
• Confidential RFQ Public Launch is coming soon.
• Zama Developer Program Season 5 is launching next week with new challenges.
• Learn & Earn with Revolut later this year
• And more.

From growing onchain volume to reaching millions of users, August showed confidential finance moving further into the mainstream. On to September.

Additional links

• Zama App: app.zama.org
• Zama on X: x.com/zama
• Zama on Telegram: t.me/zama_on_telegram
• Contact the team: zama.org/contact

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