According to The Block, privacy computing project Zama and Apex Group-backed T-REX Network announced the launch of a "confidentiality layer" for tokenized RWA, with fully homomorphic encryption (FHE) at its core, enabling smart contracts to perform computations without decrypting data. This allows institutions to hide sensitive information such as investor identity, holdings, and transaction flows when issuing, trading, and settling tokenized assets on public blockchains.

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