Zaiffer launches with €2M backing from Zama and PyratzLabs to bring confidentiality to DeFi
Zaiffer, a new venture backed by Zama and PyratzLabs, is launching with €2 million in funding to introduce confidentiality to decentralized finance (DeFi). This initiative aims to address the critical need for privacy within the DeFi ecosystem, offering a solution that balances innovation, compliance, and usability. The project's core focus is on providing a "VPN for on-chain finance," allowing users to control their financial privacy. Zaiffer introduces confidential tokens (cTokens), which conceal on-chain amounts while preserving sender/receiver audit trails. This allows selective disclosure for exchanges, auditors, or regulators. Developed with Zama and OpenZeppelin, the Confidential Token Standard enables any ERC-20 or EVM-compatible token to be shielded into its confidential version. Zaiffer leverages Zama’s Fully Homomorphic Encryption (FHE) protocol, with each encrypted transaction currently completed in less than 5 seconds. This technology directly impacts DeFi users, institutions, and the broader blockchain community. By providing a universal, audit-ready confidentiality layer for all EVM tokens and DeFi applications, Zaiffer addresses key barriers to institutional adoption. cTokens ensure interoperability with existing DeFi apps without requiring new wallets, bridges, or fragmented liquidity. Applications include confidential payrolls, private swaps, and shielded treasury management. Zaiffer's launch signifies a turning point for blockchain adoption, demonstrating the ability of FHE to power real-world financial infrastructure. With Zama’s focus on FHE and the development of the Confidential Token Standard, Zaiffer is poised to become a significant player in the evolution of compliant and confidential DeFi.
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