[PRESS RELEASE – Paris, France, April 29th, 2026]
New partnership enables banks and asset managers to execute confidential, compliant transactions at scale, giving them the control needed to move global capital onchain.
Dfns, a leading provider of wallet infrastructure for institutional finance, and Zama, a pioneer in Fully Homomorphic Encryption (FHE), today announced a strategic partnership to bring native confidentiality to public blockchains. Integrating Zama’s FHE-powered protocol into the Dfns wallet stack enables enterprise clients to manage confidential assets out of the box, initially supporting Ethereum and other EVM-compatible chains.
This integration marks an important milestone in Zama’s broader mission to build a confidential layer for blockchain technology, where privacy is the default for every onchain transaction. By embedding Fully Homomorphic Encryption into the heart of financial infrastructure, the partnership signals a shift in the institutional landscape: a future in which the most sensitive capital can migrate to public blockchains without sacrificing confidentiality, compliance, or operational control.
“This is a landmark step in Zama’s broader vision to build the confidential layer for the blockchain, where confidentiality is the default state for every transaction,” said Rand Hindi, co-founder and CEO at Zama. “By bringing FHE to the core of Dfns’ financial infrastructure, we are moving from a ‘magical math’ problem to a procurement and risk solution. We are enabling a future where the world’s most sensitive capital can finally migrate to public blockchains without compromising confidentiality, compliance, or control.”
A New Standard for Institutional Onchain Activity
Through the ERC-7984 confidential token standard, Dfns’ more than 400 enterprise clients across banking, fintech, and real-world assets (RWA) can now access:
- Encrypted Settlement: Trading desks can settle transactions in real time on public ledgers without exposing order sizes or positions to the market.
- Confidential Payments: Payment providers can process institutional B2B flows and cross-border settlements while keeping commercial volumes and counterparty relationships private.
- Regulated Data Control: Built-in selective disclosure enables institutions to grant targeted access to auditors or regulators, mirroring the familiar model of banking privacy within a decentralized environment.
“For our clients, adding confidentiality to transactions does not mean removing compliance,” said Clarisse Hagege, CEO at Dfns. “Zama Protocol brings a regulatorily legible model to our enterprise stack. Together, we are eliminating the trade-off between the transparency of public blockchains and the privacy required by regulated finance. This is programmable, confidential infrastructure purpose-built for the next generation of global capital.”
About Dfns
Dfns is a core banking platform for digital assets. Since 2020, the company has helped fintechs and financial institutions manage digital asset operations and build onchain applications. Its programmable wallet platform unifies transaction lifecycle, internal workflows, policies and governance, key management, and third-party service orchestration into a single secure control plane for custody, payments, trading, tokenization, and broader banking use cases. Dfns is trusted by over 400 organizations, including major banks, fintechs, and service providers across the financial industry.
About Zama
Zama is a cryptography company focused on delivering production-grade Fully Homomorphic Encryption solutions for blockchain. Its protocol enables confidentiality on public blockchains, allowing digital assets to be issued, managed, and traded privately onchain. Founded by FHE researcher Dr. Pascal Paillier and entrepreneur Dr. Rand Hindi, Zama brings together a large team of FHE researchers and engineers and supports a global ecosystem of developers building confidential applications.