Institutions cannot operate on standard public ledgers when every collateral balance, transaction size, and treasury rebalance is broadcast to competitors in real time. The conventional crypto answer has been building isolated privacy L1s, but that forces institutions to migrate liquidity and abandon proven settlement layers.
This is why the approach from
@primus_labs is notable: instead of building another fragmented base layer, they built confidentiality and verification infrastructure that sits directly on top of existing rails like BNB Chain and Ethereum.
Their architecture solves the institutional privacy problem through two distinct mechanisms:
1️⃣ zkTLS Verification: Using QuickSilver IZK to cryptographically prove offchain Web2 records, bank holdings, and exchange balances without revealing the underlying data or login credentials. Primus PoR has already verified over 64M dollars in reserves, including 51.1M dollars backing Unitas USDu at a 1.16 reserve ratio.
2️⃣ In-House zkFHE Execution: Computation on fully encrypted data via their AutoHoG compiler and ZAN GPU acceleration, delivering 64-bit confidential transfers in around 90 ms and 210+ TPS on consumer hardware. This underpins the live Confidential Vault on BNB Chain, letting funds shield assets and earn yield without leaking strategy positions.
Backed by 6.5M dollars from VanEck, Symbolic Capital, and Dispersion, alongside recent backing from YZi Labs, Primus tackles usability where previous privacy models failed.
Still, open questions remain around scaling and trust. AlphaNet still relies on curated attestor nodes before decentralized slashing goes live, and zkTLS mathematically proves session data integrity rather than auditing external offchain accounting books.
Read how the system is structured:
understand.primuslabs.xyz/
Inspect the technical documentation here:
docs.primuslabs.xyz/