•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Zama is integrating its fully homomorphic encryption (FHE) protocol with T-REX Ledger to enable confidential tokenized assets on public blockchains for regulated issuers. The French cryptography startup said the integration targets institutional privacy requirements while allowing tokenization infrastructure to remain built on open network rails.
Under the plan, institutions using T-REX will be able to wrap existing ERC-3643 tokens into confidential equivalents on a 1:1 basis. After wrapping, future transfers and the resulting balances would remain end-to-end encrypted, while tokenized securities continue to preserve embedded compliance logic.
T-REX is described as an ERC-3643-based system designed for regulated tokenized assets. The architecture places identity and compliance in smart contracts, while Know Your Customer (KYC) data remains offchain. Zama said this structure is intended to keep compliance enforceable without exposing sensitive institutional details on public ledgers.
The announcement comes as the industry continues to debate how onchain privacy should be implemented. Zama’s FHE approach is entering a crowded field that also includes zero-knowledge systems and permissioned network models.
Zama framed its technology as addressing the “shared-state problem,” arguing that FHE enables networks to compute over encrypted data from multiple users at once. The company said this supports compliant DeFi workflows while adding latency, without changing T-REX’s throughput or composability.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
