Add as a preferred source on GoogleHelius Launches Solana Privacy Rings to Hide On-Chain Asset Details
The protocol encrypts assets and amounts but leaves wallet addresses public. An institutional version remains under audit.
Helius deployed Solana Privacy Rings on Nov. 10, giving Solana app developers a mainnet tool to encrypt transaction assets and amounts while leaving wallet addresses visible.
The protocol provides an API for adding the feature to new or existing Solana apps. Its programmable pools keep asset and amount details encrypted onchain, while wallet addresses stay public. Users can reveal their balances with viewing keys.
Privacy Rings supports SOL, SPL tokens and Token-2022. Zero-knowledge proof verification takes hundreds of milliseconds, and Certora, OtterSec and ZK Security have audited the core programs and proof circuits.
Ore has completed an integration, while Backpack, DFlow, Jupiter and Squads are working on theirs. Chainalysis and Elliptic are supporting compliance through wallet screening.
Helius is still auditing Custom Rings, a permissioned version for institutions. It is expected to reach mainnet in the coming weeks with KYC allowlists, sanctions screening, and tools to freeze or recover funds. The launch targets private payments, DeFi and business applications seeking compliance controls.
Simon Yoon
ReporterSimon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.