The growth of the Web3 economy has been fueled by global agencies, firms like Unfungible, AP Collection, Lunar Strategy, and Hype, which rely on a distributed network of international talent. However, while these agencies have embraced decentralized technology, the "last mile" of professional operations remains a challenge: on-chain payments. Traditional cross-border payments are notoriously inefficient. Sending funds between countries often involves multi-day delays, high intermediary fees, and complex legal hurdles, especially when dealing with regions that face banking restrictions. While KYC (Know Your Customer) processes are essential for compliance, the traditional execution of these checks is often slow, non-inclusive, and fails to protect the sensitive data of the individuals involved. In the Web2 world, global inclusivity is a significant hurdle for agencies. Traditional banking systems are not available everywhere, and sending money to certain regions can be nearly impossible or prohibitively expensive. This lack of access limits who agencies can hire and where they can expand, creating a fragmented workforce based on banking availability rather than talent. The Transparency Paradox in Digital Payments Blockchain technology offers a compelling alternative through instant, borderless settlement. A payment sent from France to another international destination, for example, can arrive in seconds rather than days. However, the issue with public blockchains is that they are entirely transparent. On a public ledger, the amount paid and the wallet addresses of the sender and receiver are visible to anyone with an internet connection. This transparency creates a massive barrier for professional businesses. If an agency uses a standard public blockchain for payroll, they are essentially broadcasting their internal financial data to the entire world. Competitors can track their spending, and employees lose the right to keep their earnings private. This vulnerability is the primary reason many institutions have hesitated to fully commit to on chain financial operations. Furthermore, platforms like Rise are already demonstrating the power of the programmable economy by making global payments more flexible. By making payroll programmable, costs are reduced and businesses gain more control over how and when money moves. With over $1B in lifetime volume and $400M in stablecoin payouts, infrastructure like Arbitrum provides the liquidity and fast execution needed to scale these global payments reliably.
The iExec Solution: Confidential Onchain Payments The iExec Confidential Token resolves this conflict by providing a private on-chain payment rail that retains the efficiency of blockchain without the public exposure. By utilizing hardware-based security, iExec allows companies to encrypt the most sensitive details of a transaction: Amount Encryption: Transaction values are shielded from the public. While the settlement happens instantly on the blockchain, external observers cannot see the specific amount being transferred. This prevent employer to disclose his employees' salaries to other internal employees, or to competitors & the whole world.Global Inclusivity: Unlike Web2 systems, on-chain solutions are naturally inclusive. They allow agencies to reach talent in any corner of the globe instantly, ensuring that financial systems are open to everyone regardless of their local banking infrastructure.
This technology allows for a truly borderless workforce. It makes global payroll technically possible, but what has been missing is confidentiality. Companies cannot run payroll on public rails if salaries, bonuses, and compensation structures are exposed. With iExec, payments can be settled onchain while keeping financial data private by default. That removes one of the main blockers to adopting web3 for real-world payroll. Additionally, this confidential layer complements the rise of programmable money. When payments are both programmable and private, businesses can automate complex distribution logic, such as performance bonuses or vesting schedules, without exposing the underlying financial details to the public. This combination of automation and confidentiality is the key to a mature digital economy.
Compliance Through Selective Disclosure The most critical feature for institutional adoption is Selective Disclosure. Privacy in business is not about total anonymity or confidentiality; it is about controlled access.
When it comes time for an employee or an employer to file taxes or undergo a financial audit, the system remains flexible. The employer wraps the tokens in a confidential layer before sending them. The employee, as the recipient, then holds the key to that information. They can choose to disclose specific transaction details to authorized third parties, such as tax authorities or mortgage lenders, without ever making that information public to the rest of the world. This model allows for a perfect balance between personal privacy and regulatory responsibility. Institutions no longer have to choose between a black box that regulators hate and a glass house that exposes their secrets. Selective disclosure provides a middle ground where data is protected by default but accessible to the right people when it matters most. By integrating these features, agencies can finally align their Web3 values with their professional requirements. It ensures that while the payment itself is decentralized and inclusive, the business logic remains proprietary and the employee's personal data remains their own. This is the bridge that allows decentralized finance to meet the high standards of global corporate compliance. Conclusion: Professionalizing the Web3 Workforce For leading agencies that represent the vanguard of the Web3 movement, the iExec Confidential Token provides the infrastructure necessary to run a professional global business. It allows for a payroll system that is instant, inclusive, and, most importantly, private. By bridging the gap between blockchain efficiency and corporate confidentiality, we are moving toward a future where on chain is the standard for every professional transaction. The growth of the programmable economy, led by innovators like Rise and supported by the deep liquidity of networks like Arbitrum, proves that the demand for borderless payments is here. By adding a layer of confidentiality, iExec ensures that this growth is sustainable and professional. We are moving beyond the experimental phase of crypto and into a new era of secure, institutional grade global finance. Experience how iExec is redefining the standards of digital payments. ➡️Read the Documentation: https://docs.iex.ec/ Explore the technical architecture behind Confidential Tokens and encryption. ➡️Watch the Demo: https://x.com/iEx_ec/status/2046250157487054872?s=20 See a live demonstration of confidential transfers and selective disclosure.
Why is the iExec Confidential Token an institutional ready primitive?
It’s built on trusted infrastructure for professional finance:
- Powered by Intel TDX for verifiable execution. - ERC-7984 protects your on-chain data. - Selective disclosure for regulators and auditors.
$RLC
iExec RLC
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Real use cases for confidential DeFi and tokenized assets
How Confidential Tokens turn privacy from a blocker into a usable on-chain primitive Most people understand the problem with public blockchains. Everything is visible by default: balances, transfers, allocations, and positions. What is less understood is what that means in practice. It does not just create discomfort. It blocks entire categories of on-chain activity for institutions, treasuries, funds, and tokenized assets. That is where the Confidential Token comes in. It is not just a privacy feature layered on top of an ERC-20. It is a new way to use tokens on-chain: one where balances and transfer amounts can remain confidential, while authorized parties still get access when needed through selective disclosure.
The product wraps any ERC-20 into a confidential, auditable asset, implements ERC-7984, and runs on Intel TDX. In simple terms, it makes confidentiality usable for real financial workflows. So what can you actually do with it?
Confidential fund shares One of the clearest use cases is tokenized funds. Today, a fund can issue shares on-chain, but if investor balances, subscriptions, and redemptions are publicly visible, the product is misaligned with how institutional finance works. Most professional fund structures require investor confidentiality by default, even when they remain auditable to the right oversight parties With the Confidential Token, a fund can wrap its ERC-20 shares into a confidential version and keep investor allocations hidden on-chain. Auditors, administrators, and regulators can still receive access when needed through selective disclosure. That means the token can remain auditable without becoming publicly exposed This is a key unlock for RWAs. It allows tokenized funds to keep the benefits of blockchain rails while operating with a privacy model closer to traditional finance.
Private treasury settlement Another major use case is treasury operations. Corporate treasuries, crypto-native companies, and protocol foundations often need to move capital, settle payroll, or make large operational payments. On a public blockchain, those transaction amounts become visible forever. That is not just uncomfortable. It can expose internal financial operations, reveal payment structures, and create unnecessary information leakage. With the Confidential Token, treasury assets can move on-chain without broadcasting every amount to the market. The result is a better operating model for teams that want blockchain efficiency without full public exposure.
Professional DeFi allocation The Confidential Token is also built for professional capital allocators. Hedge funds, DAO treasuries, and institutional desks all face the same problem in transparent DeFi: every move becomes a signal. Allocation changes can be tracked. Position sizes can be copied. Strategy can be front-run. With Confidential Tokens, an allocator can deploy capital into on-chain strategies without revealing balances and transfer amounts to everyone. That changes the execution environment. Instead of exposing intent to the whole market, the allocator gets a more controlled way to participate on-chain while preserving auditability for the parties that need it. This is especially important in yield strategies, treasury deployment, and multi-protocol capital rotation, where information leakage can directly reduce performance.
Confidential collateral Lending is another strong use case. In public DeFi, collateral positions are visible by default. That means competitors, bots, and other market participants can monitor exposure, track liquidation thresholds, and react accordingly. For institutional desks, this creates a structural disadvantage. The Confidential Token improves that model by allowing collateral to be represented in a confidential form. A desk can post collateral on-chain without making every ratio and position visible to the market. This helps protect strategy, reduce adversarial visibility, and make lending workflows more compatible with professional risk management. Selective disclosure for compliance Across all of these use cases, the most important capability is selective disclosure. Institutions do not need opacity. They need control. Sensitive data should remain private from the market while staying accessible to regulators, auditors, administrators, and approved counterparties when required. That is what makes the Confidential Token usable in real-world settings. It is not hide everything. It is “keep data confidential by default, disclose it when necessary, and only to the right parties.
For institutions and RWA issuers, that is the difference between a privacy tool and an institution-ready financial primitive. The Confidential Token changes what on-chain finance can support. It removes one of the main frictions that has kept institutional capital and many tokenized assets on the sidelines: the fact that public blockchain infrastructure exposes too much by default This is why the product is more than a technical upgrade. It is a growth enabler. For funds, it supports confidential investor positions. For treasuries, it protects operational flows. For DeFi allocators, it protects execution. For RWA issuers, it creates a better model for compliant tokenization
And this is only the starting point. The Confidential Token is the first product launched on Nox, the confidential smart contract protocol built by iExec to bring confidential financial logic on-chain. It is the first product expression of a broader confidential DeFi stack If on-chain finance wants to serve larger markets, it needs more than transparency. It needs confidentiality, auditability, and control. The Confidential Token is built to make those use cases possible. Dive into the technical specifications of ERC-7984 and the iExec Confidential Token and Reach out to our experts to discuss how iExec can support your institutional privacy needs. ➡️Learn more about the iExec Confidential token: https://docs.iex.ec/nox-protocol/getting-started/welcome ➡️Contact us: https://www.iex.ec/contact-us $RLC {spot}(RLCUSDT)
Institutional workflows (payroll, treasury, trading, tokenized funds, RWAs) do not scale on transparent rails + Privacy is no longer perceived as opacity.
It is a business enabler, compliant when providing selective disclosure, view keys and cryptographic proofs that validate without exposing.
At a recent conference hosted by Forvis Mazars , our CTO Francis Otshudi shared the stage with builders from @Ethereum , @Solana Official , Canton Network, Zama, Aleo, and institutions Apex Global Group, Banque de France, Qivaliseu, and more, with a clear takeaway: ➡️Institutional finance won’t scale on transparent rails alone. Privacy has now became part of a core decentralized financial infrastructure.
Today, we're in Paris joining leading actors across ZK, FHE, MPC & TEE with Forvis Mazars.
Alongside Canton Network, Aleo , @Ethereum Foundation, @Solana Official , Ledger, Zama Apex Global Group, Qivaliseu , Institut Louis Bachelier, Groupe BPCE, Banque de France and more.
Our CTO Francis Otshudi is sharing how confidential execution powered by TEEs enables real-world DeFi and RWA use cases.
→ Confidential Token → Auditable, composable privacy → Built for institutions
$RLC is the utility token at the core of iExec’s confidential execution infrastructure.
As more apps, transactions, and confidential workloads run through the protocol, $RLC sits where that activity happens.
iExec RLC
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Confidential Token by iExec
The missing privacy layer for institutional DeFi & RWA DeFi was built for transparency. On public blockchains, balances, transfers, and positions are visible by default. That transparency pushed DeFi TVL to $172B in December 2021. But today, it is also becoming a ceiling. Even in the last bull cycle, TVL did not break its previous all-time high.
DeFiLlama - Total Value Locked Chart - March 2026
DeFi needs a new growth engine. That engine is institutional DeFi, and the clearest entry point is RWAs. The next wave of growth will not come from recycling the same on-chain capital across the same protocols. It will come from bringing much larger pools of capital on-chain: funds, credit products, treasury assets, private market instruments, and institutional balance sheets. That is where the opportunity sits. There is an estimated $100T of assets that could move on-chain, yet only a tiny fraction has so far. This is not just a tokenization gap. It is a product gap between public blockchain infrastructure and institutional requirements. Transparency is the main pain point to solve Institutions are interested in blockchain rails, tokenization, and on-chain markets. But they cannot operate in an environment where sensitive financial data is exposed to everyone. When a fund moves millions into a yield strategy, the market can react before the position settles. When a tokenized fund exposes investor allocations on-chain, confidentiality requirements break down. When a corporate treasury moves capital or settles payroll, transaction amounts become permanently public. DeFi was built for transparency. Institutional finance was not. That is exactly what iExec fixes with the Confidential Token.
The Confidential Token is the missing privacy layer for institutional DeFi. It turns any ERC-20 into a confidential, auditable asset, with encrypted balances and transfer amounts, while preserving the control institutions need to operate on a public blockchain. In simple terms, it removes one of the biggest blockers preventing institutional capital and RWAs from moving on-chain at scale. Its model is simple: wrap, transact privately, disclose selectively, then unwrap back into the public token. An existing ERC-20 can be wrapped into its confidential equivalent, used with confidentiality enabled, and later unwrapped back into the original asset. That gives issuers, protocols, and DeFi allocators a practical path to confidential DeFi without redesigning the underlying token.
The product implements ERC-7984 and runs on Intel TDX. ERC-7984 provides the framework for confidential token behavior, while Intel TDX provides the secure execution environment that protects sensitive computation at scale with TEE. Together, they make the Confidential Token secure by design and built for institutional use. Privacy is not new for iExec. Since 2017, we have been building programmable privacy infrastructure and deep expertise in Trusted Execution Environments. What is new is bringing that foundation on-chain for a specific category: confidential DeFi. The Confidential Token is the first product to make that shift real. The Confidential Token is a growth enabler for the whole blockchain industry And the real unlock is selective disclosure. Institutions do not need opacity. They need control. Sensitive financial data should stay private from the market while remaining accessible to the right parties when needed. Regulators, auditors, administrators, and approved counterparties may need visibility. Competitors and the public market do not. This is what makes the Confidential Token especially important for RWAs. Tokenized funds, private credit products, treasury instruments, and other regulated assets cannot scale institutionally if investor balances, subscriptions, redemptions, or settlement flows are public by default. With selective disclosure, that information can stay confidential on-chain while remaining auditable on demand.
That is the missing link to the $100T opportunity.
The market is not missing demand for tokenization. It is missing infrastructure that matches institutional operating requirements. If sensitive financial data remains public by default, a large part of institutional capital will stay out. Remove that pain point, and the market opens up. The same logic applies to DeFi capital allocators. Professional investors, DAO treasuries, and institutional desks should not have to reveal every position, allocation, or collateral configuration in real time. When that information is public, strategies can be copied, front-run, or exploited. Confidentiality protects execution, reduces information leakage, and makes on-chain participation more viable for larger pools of capital. That is why the Confidential Token is more than a privacy feature. It is a growth enabler. For RWA issuers, it removes one of the key reasons institutional products remain constrained off-chain. For DeFi protocols and allocators, it opens the door to capital that cannot operate under full public transparency.
The Role of RLC in the Confidential DeFi Stack
As we introduce the Confidential Token, it’s important to highlight the role of RLC, the native utility token at the core of iExec’s infrastructure. This demo focuses on showcasing the product and its capabilities, and RLC remains a central piece of the ecosystem. It represents the value of the off-chain computing infrastructure powering confidential execution. RLC will operate at protocol level. It is directly integrated into the infrastructure and captures value from usage, transactions, and execution demand. As adoption grows, more confidential execution leads to more protocol activity, reinforcing the RLC value cycle. At the same time, we’re working on a design that removes friction for end users and institutions. This makes the product experience simple and institution-ready, while RLC continues to function as the coordination and value layer behind the scenes. As usage increases, protocol revenue is partially converted into RLC on the market through an automated buyback mechanism. This creates a direct link between real adoption and token demand, without introducing friction at the user level. A more detailed overview of RLC tokenomics and its business model will be shared ahead of the mainnet launch of the new confidential DeFi and RWA protocol later this year. Confidential Token demonstrates the product layer, while RLC remains the asset capturing the value of confidential execution at scale.
New product means new capabilities: The Foundation of Confidential DeFi The Confidential Token is the first product built with iExec’s newly released Confidential Smart Contracts. Currently live as a demo on Arbitrum Sepolia, it showcases how confidential execution can be applied to real DeFi and RWA workflows. These Confidential Smart Contracts enable financial logic to run alongside public blockchains privately, combining: Private executionSelective disclosureVerifiable resultsOn-chain composability This architecture extends what DeFi can do, without breaking composability or requiring new ecosystems. If institutional DeFi and RWAs are going to scale, they need more than transparency. They need confidentiality, auditability, and control for their clients. Confidential Token is the first step. Confidential Smart Contracts and off-chain computation are the foundation.
Want to take this a step further? Try the Demo: https://cdefi.iex.ec/ Explore our documentation : https://docs.iex.ec/ Get in touch : http://www.iex.ec/contact-us
The Chain of Trust establishes a secure execution path from hardware to final output.
✅This end to end transparency ensures that data remains protected throughout the entire lifecycle.
The Chain of Trust provides the verification layer for the iExec Confidential Token.
$RLC
iExec RLC
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Beyond Blind Trust: Understanding the Chain of Trust in Modern Computing
In physical supply chains, success depends on a series of handoffs and agreements between parties who may never meet. If one link fails or hides the truth, the entire system collapses.
Currently, this entire global structure rests on the fragile hope that every participant remains honest. Imagine how much simpler and more secure the world would be if we could cryptographically prove every single one of those handoffs and agreements in real time. The world of cloud computing is currently undergoing a similar identity crisis. For years, we have operated on a just trust me basis with big tech providers.
We upload our sensitive data, run our proprietary algorithms, and cross our fingers that the provider, or a rogue administrator, is not peeking under the hood. In this traditional model, everything relies on a metaphorical handshake, you send your data to a provider, and they promise to keep it safe. But as we move into an era of hyper sensitive AI models, complex financial backends, and massive, data heavy workloads, a verbal promise is no longer enough. We need a technical guarantee. This is where the Chain of Trust comes in. It represents a fundamental shift from reputation based trust (trusting a company’s brand) to proof based trust (trusting mathematics and hardware).
It is the ultimate technological upgrade for the digital supply chain, allowing users to trust by verifying rather than relying on a third party's word. By verifying the math and the code at every single step, the concept of privacy preservation becomes an ironclad reality.
We are finally moving away from black box computing toward a future where every calculation is verifiable. Moving from Black Boxes to Verifiable Infrastructure To understand the Chain of Trust, we first have to talk about the hardware evolution. We are moving from older enclaves (Intel SGX) to Intel TDX-based Confidential Virtual Machines (CVMs). Think of this as moving from a tiny, specialized safe (the enclave) to a high-security, private office building (the VM). With TDX, we can protect the entire virtual machine. This is a game-changer because: It’s scalable: We can run huge AI models and complex DeFi logic that were too heavy for older tech. This scalability is the missing link required to onboard TradFi (Traditional Finance) workflows into the Web3 world. Institutions cannot broadcast sensitive trade data or client information to a public ledger without violating fiduciary duties or risking front running. By providing a high-performance, confidential environment, we can finally bridge the gap between regulated finance and decentralized ecosystems. Whether it is Real World Assets (RWAs) on Ethereum and Arbitrum, institutional lending on Base, or high frequency derivatives on Solana and Hyperliquid, confidentiality is the entry wedge. It allows quant teams and funds to deploy sophisticated strategies, like private order flows or structured yield, without exposing their alpha to the entire world.It’s developer-friendly: You don’t need to rewrite your code or use special tools. If it runs in a standard VM, it runs here, just with a digital shield around it. The Core: Remote Attestation The chain is held together by proof of Remote Attestation. This is the cryptographic proof that replaces blind trust. Instead of taking a provider's word for it, Remote Attestation allows a user to verify four critical things remotely: The Environment: Was the task actually run inside a secure Intel TDX environment?The Identity: Is the hardware authentic and registered with Intel?The Integrity: Was the application modified or tampered with before it ran?The Source: Does the execution trace back perfectly to the original source code? In simple terms, it’s a digital receipt that proves your computation happened in a clean room. If even a single line of code was changed or the hardware wasn't genuine, the cryptographic signature wouldn't match, and the Chain would break.
Proof of Cloud: The Final Link While hardware like TDX is incredibly secure, we know that institutional players need more than just software guarantees. They need to know the physical infrastructure is handled with governance maturity. This is where Proof of Cloud comes in. It’s an initiative that ensures hardware is whitelisted and cloud operators formally attest to non-interference. As our CTO, Francis Otshudi, puts it: "What matters is not just registering trusted machines, but being able to verify their status at the moment of interaction. Proof of Cloud makes this trust a concrete signal rather than an implicit assumption." Trust, but Verify The shift from reputation based trust (trusting a brand name) to proof based trust (trusting math and physics) is the most significant leap in cloud computing history. By combining the power of Intel TDX with a rigorous Chain of Trust and Remote Attestation, iExec is removing the blind part of blind trust. Whether you are building a privacy-preserving AI or a multi-million dollar DeFi protocol, you no longer have to wonder if your data is safe or if your execution was tampered with. The proof is right there in the code. Don't let your data rely on a handshake.
Explore the iExec developer tools today and learn how you can leverage Intel TDX and the Chain of Trust to build secure, privacy preserving applications for AI, DeFi,RWA and beyond.
iExec Confidential Token is a reversible ERC-20 wrapper.
Wrap your existing token into its confidential equivalent while maintaining total privacy over your transfers and granting visibility only to authorized parties.
If on-chain finance wants to serve larger markets, it needs: confidentiality, auditability, and control.
The iExec Confidential Token is built to make those use cases possible.
iExec RLC
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Real use cases for confidential DeFi and tokenized assets
How Confidential Tokens turn privacy from a blocker into a usable on-chain primitive Most people understand the problem with public blockchains. Everything is visible by default: balances, transfers, allocations, and positions. What is less understood is what that means in practice. It does not just create discomfort. It blocks entire categories of on-chain activity for institutions, treasuries, funds, and tokenized assets. That is where the Confidential Token comes in. It is not just a privacy feature layered on top of an ERC-20. It is a new way to use tokens on-chain: one where balances and transfer amounts can remain confidential, while authorized parties still get access when needed through selective disclosure.
The product wraps any ERC-20 into a confidential, auditable asset, implements ERC-7984, and runs on Intel TDX. In simple terms, it makes confidentiality usable for real financial workflows. So what can you actually do with it?
Confidential fund shares One of the clearest use cases is tokenized funds. Today, a fund can issue shares on-chain, but if investor balances, subscriptions, and redemptions are publicly visible, the product is misaligned with how institutional finance works. Most professional fund structures require investor confidentiality by default, even when they remain auditable to the right oversight parties With the Confidential Token, a fund can wrap its ERC-20 shares into a confidential version and keep investor allocations hidden on-chain. Auditors, administrators, and regulators can still receive access when needed through selective disclosure. That means the token can remain auditable without becoming publicly exposed This is a key unlock for RWAs. It allows tokenized funds to keep the benefits of blockchain rails while operating with a privacy model closer to traditional finance.
Private treasury settlement Another major use case is treasury operations. Corporate treasuries, crypto-native companies, and protocol foundations often need to move capital, settle payroll, or make large operational payments. On a public blockchain, those transaction amounts become visible forever. That is not just uncomfortable. It can expose internal financial operations, reveal payment structures, and create unnecessary information leakage. With the Confidential Token, treasury assets can move on-chain without broadcasting every amount to the market. The result is a better operating model for teams that want blockchain efficiency without full public exposure.
Professional DeFi allocation The Confidential Token is also built for professional capital allocators. Hedge funds, DAO treasuries, and institutional desks all face the same problem in transparent DeFi: every move becomes a signal. Allocation changes can be tracked. Position sizes can be copied. Strategy can be front-run. With Confidential Tokens, an allocator can deploy capital into on-chain strategies without revealing balances and transfer amounts to everyone. That changes the execution environment. Instead of exposing intent to the whole market, the allocator gets a more controlled way to participate on-chain while preserving auditability for the parties that need it. This is especially important in yield strategies, treasury deployment, and multi-protocol capital rotation, where information leakage can directly reduce performance.
Confidential collateral Lending is another strong use case. In public DeFi, collateral positions are visible by default. That means competitors, bots, and other market participants can monitor exposure, track liquidation thresholds, and react accordingly. For institutional desks, this creates a structural disadvantage. The Confidential Token improves that model by allowing collateral to be represented in a confidential form. A desk can post collateral on-chain without making every ratio and position visible to the market. This helps protect strategy, reduce adversarial visibility, and make lending workflows more compatible with professional risk management. Selective disclosure for compliance Across all of these use cases, the most important capability is selective disclosure. Institutions do not need opacity. They need control. Sensitive data should remain private from the market while staying accessible to regulators, auditors, administrators, and approved counterparties when required. That is what makes the Confidential Token usable in real-world settings. It is not hide everything. It is “keep data confidential by default, disclose it when necessary, and only to the right parties.
For institutions and RWA issuers, that is the difference between a privacy tool and an institution-ready financial primitive. The Confidential Token changes what on-chain finance can support. It removes one of the main frictions that has kept institutional capital and many tokenized assets on the sidelines: the fact that public blockchain infrastructure exposes too much by default This is why the product is more than a technical upgrade. It is a growth enabler. For funds, it supports confidential investor positions. For treasuries, it protects operational flows. For DeFi allocators, it protects execution. For RWA issuers, it creates a better model for compliant tokenization
And this is only the starting point. The Confidential Token is the first product launched on Nox, the confidential smart contract protocol built by iExec to bring confidential financial logic on-chain. It is the first product expression of a broader confidential DeFi stack If on-chain finance wants to serve larger markets, it needs more than transparency. It needs confidentiality, auditability, and control. The Confidential Token is built to make those use cases possible. Dive into the technical specifications of ERC-7984 and the iExec Confidential Token and Reach out to our experts to discuss how iExec can support your institutional privacy needs. ➡️Learn more about the iExec Confidential token: https://docs.iex.ec/nox-protocol/getting-started/welcome ➡️Contact us: https://www.iex.ec/contact-us $RLC {spot}(RLCUSDT)
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