Open Book | Series on what's wrong with on-chain privacy today
#1: Why institutions still stay off-chain
Of $435B in tokenized real-world assets, 91% can't leave the issuing platform. The movable part is merely ~0.01% of global bonds and equities.
One reason insiders keep naming: on a public chain, anyone can read every transaction. But finance runs on information that cannot always be public.
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Celar retweeted
See you all in NYC on 13th November. Covering an interesting topic “Bringing Public Equities and Commodities On-Chain: Market Structure, Settlement, and Adoption” with Sean Farrell (Fundstrat), Matt Ducie (DTCC), Dennis Lee (NYSE) & Laura Kiernan (Streamex)
Time: 4:00–4:40 PM,
FalconX Stage, Convene, 360 Madison Avenue, NYC
Banks are wading into DTCC's tokenized offering, and its CTO puts MEV and privacy near the top of his list.
On a public chain they're one leak, an order readable before it settles. It's the problem we're solving here at Celar.
DTCC digital assets CTO Dan Doney just said MEV is one of the biggest issues they consider as part of their tokenization effort.
He says “MEV resistant chains do exist” and they want to work with them.
More broadly - he says quantum, privacy, and scalability are the larger issues at hand for them.
He says that blockchain networks simply cannot handle the scale that DTCC is doing on a given day.
For reference, this is about $12-15 trillion in settlement per day.
“Something we need to figure out together.” - @VitalikButerin at his Devcon keynote.
Here’s our part: privacy is built native to the chain on Celar. Our smart contracts are designed to compute on encrypted data using FHE, so balances and amounts stay confidential while the network can still be checked. Privacy is a choice user makes per transaction.
Plugged into conversations that matter, with institutions that matter.
Privacy where it matters.
NYC 🗽
Moderating "Bringing Public Equities On-Chain" at the @DAF_Global, New York, 13 November.
With Dennis Lee (NYSE), Matthew Ducie The Depository Trust & Clearing Corporation (DTCC) and Sean Farrell (Fundstrat).
Exchange, settlement and investor views on tokenized stocks, plus a question close to what we're building at @Celar_cc: how much privacy should these markets have?
luma.com/6csp3ea6
Celar is here at @EFDevcon in Mumbai, starting with a banger session at Ethereum Cypherpunk Congress 3 by @web3privacy, celebrating privacy and internet freedoms in dialogue with Global South.
Come say hello, if you're around.
Privacy is a fundamental right, and confidentiality should be a default feature.
Celar is the encrypted-compute privacy L1 solving for this today. Our smart contracts are designed to work on encrypted data, using FHE, so balances and amounts can stay confidential while the network can still be checked. Privacy is a choice made per transaction.
Easily one of the best institutional events out there with total AUM under one roof to be over $100 trillion.
Institutions want onchain markets without putting their book on a public ledger. That’s what Celar is working on.
@TheTieIO @Joshua_Frank_
Another privacy L1 you ask, anon? For privacy isn’t merely hiding information but about who has the power to reveal it.
When a blockchain encrypts your data, the most important question is:
“Who can decrypt?”
Privacy is a fundamental right. Its guarantees should be verifiable.
That’s the core mission why Celar exists.
🤖 Made with AI
