The public ledger leak isn’t some small “privacy feature” debate it’s the thing that quietly kills regulated adoption. If every transfer, balance change, counterparty hint, and flow pattern becomes permanent public metadata… then the chain turns into a surveillance market. Institutions don’t build in that environment. Period.
That’s why Hedger Alpha matters to me. It’s not “hide everything and hope nobody asks questions.” It’s aiming for the harder combo: transactions that stay confidential, but can still be verified/audited when required the way regulated markets actually operate.
Most EVM apps today can enforce rules, but they can’t stop state leakage. You can do compliance logic in Solidity all day, but if the underlying ledger broadcasts behavior, you still end up exposing positions and activity. And tbh that’s where a lot of “RWA-ready” narratives fall apart.
Hedger’s approach is pretty specific: privacy-preserving execution on EVM using zero-knowledge proofs + homomorphic encryption, designed for regulated use cases where selective disclosure is the goal. So the rules don’t disappear they stay enforceable but the sensitive parts don’t become public-by-default.
The big difference with “privacy chains” I’ve seen is auditability. Hedger isn’t trying to erase oversight. It’s trying to make oversight possible without forcing the whole market to reveal itself to everyone else. That’s the real unlock: hide the data, not the legitimacy.
And the fact it’s Alpha and live matters. Like, we’re past the “nice idea” stage people can actually test how the confidentiality + verification model behaves instead of just reading claims.
One supporting point (not the main one): this lines up cleanly with the DuskEVM direction too, because if Solidity teams are going to ship compliant apps without a rewrite, they need privacy that works in an EVM environment not a separate universe that breaks tooling and integrations.
If Hedger holds up in real pilots, it’s basically patching the biggest flaw of public-by-default finance: you can keep the audit trail and stop leaking market behavior. That’s what makes Dusk feel market-ready to me. @Dusk
#dusk $DUSK
