Thank you to everyone who joined is in Cannes for the Confidential Token Breakfast. Stay tuned for some announcements soon.

Thank you to everyone who joined us earlier at @EthCC! We hope you enjoyed learning more about the association and the need for a confidential token standard. And thank you to @inconetwork, @OpenZeppelin, and @zama_fhe for hosting.

RT @abbeyjazzy: Most stablecoin use cases require confidentiality on amounts, that’s why we launched @ConfTokenAssoc with @inconetwork and….

RT @Kate_Inco: Great discussions this morning at Standards & Croissants: @ConfTokenAssoc Breakfast 🥐. 🎤 @remi_gai from @inconetwork joined….

RT @EthCCweek: Standards & Croissants: Confidential Token Association Breakfast by @ConfTokenAssoc. ​Inco, OpenZeppelin and Zama are inviti….

Join us at @EthCC for Standards and Croissants: an intimate breakfast hosted by @inconetwork, @OpenZeppelin, and @zama_fhe exploring the work of the Confidential Token Association. Wednesday 2nd July, 9:00am to 11:30am CET. Sign up below ↓

Read the full report:.

Encryption-based approaches to confidential tokens, such as using FHE, have several key advantages. - Liquidity and composability can be maintained.- Compatible with the popular ERC20 framework.- Third parties can be given the ability to verify aspects of transaction data.

Users would wrap their ERC20 tokens to transform them into confidential ERC20 equivalents. Confidential ERC20 tokens would hide the amount transferred between addresses using FHE, while keeping the flow of funds visible.

The report introduced a framework for confidential ERC20 tokens powered by Fully Homomorphic Encryption (FHE), which enables computation upon encrypted data without the need to decrypt it.

Confidential Token Association founding member @inconetwork has a track record of producing research that expands our understanding of confidential token design. Let's explore Inco's report with @circle Research. ↓

📅 TODAY AT 4PM CET, 10AM EST. Join @remi_gai of @inconetwork, @jalex206 of @OpenZeppelin, and @randhindi of @zama_fhe for an introduction to the Confidential Token Standard and the association's goals. Register now:

Get the full details and don’t forget to follow this account to get updates on the development of the standard.

We’re excited to get started and are looking for more projects to join us to shape the future of onchain confidentiality. Join to contribute and get early access to resources and community discussion

With a flexible, composable standard to power existing standards such as ERC20 with confidentiality, we believe these use cases can achieve widespread adoption—and we believe an encryption-based approach is the right way to get there.

🏦 Financial institutions are ready to bring assets onchain, but are limited by confidentiality concerns. The confidential token standard can be deployed to provide programmable privacy, compliance, & transfer rules to RWA tokens, enabling assets to be brought onchain safely.

⛓️ DeFi is a paradigm-shift for finance, but with every transaction visible onchain, DeFi users require a way to keep transaction details confidential for basic privacy reasons as well as to protect against MEV.

💸 Payments and transfers represent a huge adoption opportunity for crypto, but without confidentiality, simple use cases such as sending money to a friend, remittance, or executing payroll onchain will not reach the mainstream.