Zama integrates privacy tech with T-REX to enable confidential trading of tokenized assets on public blockchains.

French cryptography startup Zama has integrated its fully homomorphic encryption (FHE) technology with Apex-backed T-REX Ledger to enhance privacy for ERC-3643 tokenized assets. This integration allows banks and asset managers to trade sensitive tokenized securities on public blockchains without exposing confidential data, addressing a key barrier to adoption. By encrypting transactions end-to-end while maintaining regulatory compliance, Zama aims to embed confidentiality directly into tokenized asset infrastructure. The move highlights ongoing debates over privacy solutions in blockchain, with Zama positioning FHE as complementary to zero-knowledge proofs and permissioned networks for secure, compliant asset management on public chains.