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The protocol powering confidential onchain finance. Issue, trade, and manage confidential assets on public blockchains.

Joined March 2019
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Confidential DeFi at scale, live today. Zama is the fastest growing confidentiality protocol for onchain finance. Today, Zama expands confidential access to 16 curated yield vaults across 5 institutional curators and 5 assets: USDC, USDT, AUSD, WBTC, and tGBP, all deployed on @Morpho. The same trusted curators and strategies that institutional capital already uses, now with confidential entry. Alongside the vaults, the Zama Confidential Swap Protocol goes live. Swap between confidential assets without exposing intent or size. Curated by: Armitage by @wintermute_t, @Bitwise, @flowdesk_co, @RockawayX, @SteakhouseFi Access: @Morpho, @utila_io, @yield_xyz, @zerion Incentives: @pendle_fi, @merkl_xyz With support from: @Tether (USDT), @BitGo (WBTC), @tokenGBP (tGBP), @withAUSD (AUSD) Shield, send, deposit, earn, and swap, all confidentially at: app.zama.org
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Zama is heading to London 🇬🇧 Our team will be in town over the next two weeks, meeting builders, allocators, and partners to talk confidential DeFi and institutional onchain finance. Want to connect? Book a meeting: zama.org/contact Or meet us at the following events 👇
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Co-hosted by Zama, RSVP: 🗓️ Tue, Nov 10: @ProofOfLiq London Edition by @yield_network, @Figure, @NexusMutual, Zama, and @pennyworks_ 🔗 luma.com/proof-of-liquidity-… 🗓️ Wed, Nov 11: Signature Sips Cocktail Hour by @HypernativeLabs and Zama 🔗 luma.com/hypernative-zama-lo… Zama will also be present at: 🗓️ Mon, Nov 9: Blockstories Horizon 2026 London Summit by @block_stories 🗓️ Tue, Nov 10: “Collateral Without Borders: The End of Fragmented Capital” corporate breakfast by @TheBigWhale_ 🗓️ Tue, Nov 10 - Wed, Nov 11: @BlockworksDAS London by @Blockworks 🗓️ Sun, Nov 15 - Tue, Nov 17: Breakpoint 2026 by @Solana More about Zama events: zama.org/events
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When @randhindi and cryptographer Pascal Paillier started @zama in 2020, it was a cryptography company with no plans for crypto. Every use case they explored for FHE led to the same place: if finance moves onchain, it needs confidentiality first. After publishing a report on confidential DeFi, we sat down with Rand to hear where that conclusion has led, and why he thinks onchain finance is due the moment HTTPS gave the internet: defillama.com/research/inter…
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Shielding tokens is easy with the Zama App. No new chain. No bridging. Done in seconds. Just confidentiality added to the tokens you already use. app.zama.org/shield
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Since @zama went live on mainnet, we've committed to showing the community the numbers every quarter. That's why we created Shielded. It tracks network health, confidential token adoption, and who is building on the confidentiality layer for onchain finance across our partner ecosystem. Transparent reporting is the best way to run a protocol. It's also our chance as a team to look back at the quarter and see what worked. Q3 is live. Read it here: zama.org/shielded
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Privacy has been one of the biggest things keeping institutions from putting real capital onchain. But new privacy tools and vaults are starting to change that. @zama's Shielded TVL went from $39.6M to over $130M over the quarter, up 245.7%. 99% of that increase came from confidential vaults, which went from one to 16 in a single quarter. The report says 6% of all Morpho deposits on Ethereum in Q3 came from Zama. The vaults are curated by @Bitwise, Armitage by @wintermute_t, @RockawayX, @SteakhouseFi and Flowdesk, with 900+ depositors so far.
JUST IN: Shielded | Q3 2026 is live. Shielded is Zama's quarterly institutional report covering the state of confidential onchain finance. Download the Q3 report here: zama.org/shielded
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Zama retweeted
If you like Zcash as a private store of value with an infinite TAM, you'll love ZAMA as the programmable privacy layer for all of onchain finance with a TAM as big as the entirety of global capital markets. Trillions are coming. Trillions will be shielded. ZAMA Q3 Shielded Report is live now. ethereum:0xa12cc123ba206d4031d1c7f6223d1c2ec249f4f3
ZAMA SHIELDED Q3: Reaching $100M+ Shielded in Confidential Vaults @zama @randhindi @analog_kyle @evgeth @gbvpzffd2r @bentzzi @Yannimoto @robbieklages @andyyy Timestamps: 00:00 Intro 02:36 $100M Shielded TVL 04:00 62% Of Supply Staked 04:56 Fastest Growing Privacy Protocol 06:01 16 Confidential Vaults 08:15 6% Of All Morpho Deposits 09:57 Compliance And Confidential Voting 11:59 Trillions Moving Onchain 14:28 Zerion Brings Confidential Tokens 21:44 Hypernative On Real Time Security 30:27 Utila And Institutional Custody 39:11 Bitwise Goes Confidential 49:19 Key Takeaways 54:43 The TAM Of Zama
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JUST IN: Shielded | Q3 2026 is live. Shielded is Zama's quarterly institutional report covering the state of confidential onchain finance. Download the Q3 report here: zama.org/shielded
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ZAMA SHIELDED Q3: Reaching $100M+ Shielded in Confidential Vaults @zama @randhindi @analog_kyle @evgeth @gbvpzffd2r @bentzzi @Yannimoto @robbieklages @andyyy Timestamps: 00:00 Intro 02:36 $100M Shielded TVL 04:00 62% Of Supply Staked 04:56 Fastest Growing Privacy Protocol 06:01 16 Confidential Vaults 08:15 6% Of All Morpho Deposits 09:57 Compliance And Confidential Voting 11:59 Trillions Moving Onchain 14:28 Zerion Brings Confidential Tokens 21:44 Hypernative On Real Time Security 30:27 Utila And Institutional Custody 39:11 Bitwise Goes Confidential 49:19 Key Takeaways 54:43 The TAM Of Zama
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Trick or treat! 🎃 Head to Zerion Wallet for a chance to win confidential tokens.
1/ Trick or treat! 40 wallets win a share of $2,666 in tokens and confidential tokens. One knock to enter, find the link in the tweet below and in our profile. Hosted w/ @zama @inkonchain @xStocksFi. Ends Nov 6
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A confidentiality protocol using Fully Homomorphic Encryption (FHE) to enable private transfers, swaps and yield generation on public blockchains while preserving onchain verifiability. @zama joins Proof of Liquidity: London Edition as a co-host. luma.com/proof-of-liquidity-…
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Tough day for crypto - The vaults curated by Bitwise do not have exposure to Binance and we have confirmed that the collateral assets that our curation strategies work with are not affected. It appears that DeFi was relatively untouched though there is currently a flight to safety and liquidity is tight across many major lending markets. We continue to monitor the situation.
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Update on the reported Binance hot wallet incident. Collateral: No collateral backing our vaults is affected. This includes Figure, OnRe, Huma, Avant, InfiniFi, Tori, Re, Obligate, f(x) and Coinshift and others across all chains. Indirect exposure: Some of the protocols we allocate to hold positions in Ethena assets. Ethena’s potential exposure to Binance is below $10M and falls within the coverage of its insurance fund (over $60M). Liquidity: Withdrawals from our vaults are operating normally. Some Morpho markets may see reduced liquidity and higher volatility in the near term. We have been monitoring the situation closely since the first reports emerged, and our risk team will continue to monitoring positions diligently.
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Binance is reported to have suffered a significant hot wallet hack. We have been monitoring since the first reports. Tether and Circle have frozen a significant amount of USDT and USDC linked to the incident. Ethena, Maple, mF-ONE, FalconX and other collateral issuers onboarded to Steakhouse vaults on all available chains have confirmed no impact. Our only indirect exposure is to Ethena, which has confirmed limited potential impact ($8.8M) via unrealized basis positions, fully covered by the reserve fund ($60M) in a worst-case scenario if there is a failure to realize. Our systems have triggered, on a precautionary basis, to withdraw liquidity from a number of markets. We are reviewing these manually and will release throughout the next few hours. The situation is fluid and may evolve rapidly. We will continue to monitor the situation and provide updates as we receive them.
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Zama retweeted
The Binance incident has no direct impact on the @zama protocol or its products. Stay safe everyone
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Confidential payments. Pay a contractor, a supplier, or an employee onchain and anyone can see how much you paid. With Confidential USDT (cUSDT), the transfer amount stays encrypted onchain, as it should be. Live on @ethereum. No bridging required. Shield and send at app.zama.org
Confidential balances. Today, anyone can look up your address and read your USDT balance. With cUSDT, your balance stays confidential. Live on @ethereum. No bridging required. Shield your USDT at app.zama.org.
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Builders in Nigeria : join @0xredman, @DefiPreacherr and @Web3Bridge on November 6 for a hands-on session on confidential onchain finance powered by Zama. 🇳🇬
Zama is coming together with @Web3Bridge for a hands-on workshop on confidential onchain finance. Public blockchains have made financial activity more open and verifiable, but they also expose information that should not always be public. This workshop will explore how @zama is bringing confidentiality to onchain applications with FHE, and how builders can start creating applications where sensitive financial data stays encrypted while the blockchain remains verifiable. We’ll cover the ideas behind confidential finance, look at how the Zama Protocol works, and move into a practical builder session. 📍 Web3Bridge, Nigeria 📅 6th November 2026 ⏰ 10am - 1pm Registration details: luma.com/rxse8qq7 More details soon.
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Most institutions won't move serious capital onchain if every position is public. Zama's Q3 report covers how that's getting solved, from confidential vaults to confidential swaps. Andy and I are covering it Monday with a stacked lineup.
Shielded | Q3 2026 drops next week. Shielded is Zama’s quarterly institutional report on the Zama Protocol and the ecosystem growing around it. We’re breaking down everything that happened in Q3 with @therollupco and some special guests. The full episode and the report will be available next Monday. Hosted by @andyyy and @robbieklages , featuring: - @randhindi , Co-Founder & CEO at @zama - @analog_kyle , VP of Investor & Protocol Relations at @zama - @Yannimoto , Head of Onchain Special Projects at @Bitwise - @gbvpzffd2r , Co-Founder & CTO at @HypernativeLabs - @evgeth , Founder & CEO at @zerion - @bentzzi , Co-Founder & CEO at @utila_io On the agenda: Q3 highlights and protocol growth, confidential vaults bringing institutional capital onchain, confidential tokens coming to more custodians and wallets, the launch of confidential swaps, and advancements in protocol compliance and security. 🗓 Monday, November 2nd 🕐 10 AM EST / 4 PM CET
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Join @arik_g, CPO at Zama & @tomerweller, CPO at @StellarOrg, today at Meridian 2026 in Lisbon for a fireside chat on the HTTPS moment for onchain digital assets. 🇵🇹
Stellar surprises anyone coming from outside. Years of focus on institutional users built a chain optimized for them, and the long-term trust they need. Today at @StellarOrg : talking with @tomerweller about the HTTPS moment for digital assets and Zama at the privacy frontier.
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Shielded | Q3 2026 drops next week. Shielded is Zama’s quarterly institutional report on the Zama Protocol and the ecosystem growing around it. We’re breaking down everything that happened in Q3 with @therollupco and some special guests. The full episode and the report will be available next Monday. Hosted by @andyyy and @robbieklages , featuring: - @randhindi , Co-Founder & CEO at @zama - @analog_kyle , VP of Investor & Protocol Relations at @zama - @Yannimoto , Head of Onchain Special Projects at @Bitwise - @gbvpzffd2r , Co-Founder & CTO at @HypernativeLabs - @evgeth , Founder & CEO at @zerion - @bentzzi , Co-Founder & CEO at @utila_io On the agenda: Q3 highlights and protocol growth, confidential vaults bringing institutional capital onchain, confidential tokens coming to more custodians and wallets, the launch of confidential swaps, and advancements in protocol compliance and security. 🗓 Monday, November 2nd 🕐 10 AM EST / 4 PM CET
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