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A new initiative has emerged to facilitate private transactions on public blockchains, allowing banks to securely tokenize financial instruments while remaining compliant with regulations. This development is supported by Aztec, a company focused on enhancing privacy in institutional-grade finance. The project aims to address the limitations of public chains, which have historically enforced transparency that can hinder the tokenization of real-world assets. Taurus, a key player in this initiative, has announced the launch of its capabilities in this area. Additionally, WonderFi, Canada's largest regulated crypto platform, is set to launch a ZK Chain and wallet on ZKsync, boasting 1.7 million users and $2.1 billion in client assets under custody. This move is part of a broader trend towards scaling on-chain finance with user-friendly, gasless transactions.
Aztec was born out of necessity. We were building a company bringing real world assets onchain, but the enforced transparency of public chains was an insurmountable roadblock. Excited to see this from @taurus_hq, using our stack. One step closer to finishing what we all started. https://t.co/diZAOLchI0
1/ 1.7M users, $2.1B in client assets under custody: @WonderFi, Canada’s largest regulated crypto platform, is launching a ZK Chain & wallet on ZKsync. Scaling on-chain finance with gasless transactions, an intuitive user experience, and seamless UX & institutional-grade… https://t.co/Y6yQA0XhMP
I've wanted to build this for years. Many so-called privacy projects are fixated on scams and ignore real financial tokenization, but privacy is a necessity for lawful institutional-grade finance. Thanks to @aztecFND for their support! https://t.co/bQOUrp7OZM