Starknet taps EY Nightfall to bring institutional privacy to Ethereum rails

• Starknet taps EY Nightfall to bring institutional privacy to Ethereum rails StarkWare is integrating EY’s Nightfall privacy protocol into Starknet to give institutions private payments and DeFi access on public Ethereum-aligned rails, while preserving auditability. • Cointelegraph in your social feed Starknet developer StarkWare has integrated EY’s Nightfall privacy protocol to let institutions run private payments and decentralized finance (DeFi) activity on public Ethereum-aligned rails, targeting banks and corporates that need confidentiality without giving up auditability. • In a Tuesday release shared with Cointelegraph, StarkWare positioned the move as a way for enterprises to use a shared, openlayer-2rather than closed, bank-only networks, while working with a Big Four firm that already audits many of the organizations it wants to onboard. • The integration brings Nightfall, an open-sourcezero-knowledge (ZK)privacy layer built by EY, that lets transactions be verified without revealing underlying data, onto Starknet to enable private B2B and cross-border payments, confidential treasury management and 24/7 tokenized asset transfers onchain. • StarkWare said that institutions will also be able to access EthereumDeFifor activities such as lending, swaps and yield strategies, with transactions private by default but supporting selective disclosure, auditability andKnow Your Customer (KYC)protocols. • Related:Arbitrum, Optimism and Base weigh in after Vitalik questions L2 scaling model Starknet and Nightfall target institutional flows StarkWare frames this as a “major breakthrough” in making public blockchains usable for institutional capital that has so far been deterred by full onchain transparency and the resulting compliance and competitive risks.

Article Summaries:

• Starknet developer StarkWare has integrated EY’s Nightfall privacy protocol to let institutions run private payments and decentralized finance (DeFi) activity on public Ethereum-aligned rails, targeting banks and corporates that need confidentiality without giving up auditability. In a Tuesday release shared with Cointelegraph, StarkWare positioned the move as a way for enterprises to use a shared, open layer-2 rather than closed, bank-only networks, while working with a Big Four firm that already audits many of the organizations it wants to onboard. The integration brings Nightfall, an open-s

Sources:

• https://cointelegraph.com/news/starknet-taps-ey-nightfall-institutional-grade-privacy?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound