Zama Acquires TokenOps to Deploy FHE-Based Encrypted Token Distribution for Institutions

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
Zama has acquired TokenOps to enable FHE-based encrypted token distribution for institutions. The platform, which has managed over $200 million in token launches, will now support confidential tokens under the ERC-7984 standard. New token listings will benefit from encrypted allocation and lifecycle management. The solution is already live in production at KAIO, with partners including BlackRock and Brevan Howard. The announcement underscores the integration of privacy-first token management, while TokenOps will continue to operate as an independent brand.

ME News reports that on May 20 (UTC+8), privacy computing company Zama acquired TokenOps, an enterprise-grade token lifecycle management platform, with plans to introduce fully homomorphic encryption (FHE) technology to institutional token management. TokenOps has processed over $2 billion in token distributions. Following the acquisition, issuers will be able to use confidential tokens compliant with the ERC-7984 standard to conduct encrypted token allocation and management on-chain, including full lifecycle processes such as vesting schedules and recipient identities. This solution is already live in KAIO’s production environment, with institutional partners including BlackRock, Hamilton Lane, and Brevan Howard. Post-acquisition, TokenOps will continue to operate under its independent brand. (Source: MLion)

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.