[PRESS RELEASE – Grand Cayman, Cayman Islands, March 31st, 2026]

Encrypt brings FHE to Solana to enable fast, fully confidential, and composable applications on Solana

Encrypt is set to debut on Solana, aiming for ‘Encrypted Capital Markets.’ Solana stands out as a dominant platform for blockchain developers and sees extensive usage globally. It serves as a launchpad for innovative consumer products and the development of real-time Internet Capital Markets.

With the introduction of Fully Homomorphic Encryption (FHE) to Solana, developers and financial institutions will be able to construct applications that can perform computations on encrypted data. This innovation maintains data privacy while executing application logic on-chain.

FHE enables the creation of high-performance financial applications on Solana, integrating native cryptographic privacy into existing frameworks. Such applications may encompass trading platforms, lending markets, and auctions, addressing previous challenges related to privacy on public blockchains.

Encrypted Capital Markets

While blockchains are noted for their composability, they traditionally struggled to ensure data privacy. Existing on-chain privacy methods often impose trade-offs, such as reliance on trusted operators or exhibiting limited capabilities for shared application confidentiality. Moreover, many privacy solutions have proven too slow or restricted for genuine financial use cases.

Encrypt revolutionizes this paradigm by incorporating FHE into the Solana ecosystem. FHE permits computation on encoded data without the need to decrypt it, safeguarding sensitive information during execution. This capability facilitates the development of fast, composable, and confidential financial applications by default.

Confidential trading, concealed liquidity, and private prediction markets are among the applications that can emerge within Solana’s execution framework.

“Solana already has the performance, developer energy, and market structure to become the home of the next generation of on-chain finance,” said Dolev Mutzari, Co-Founder of Encrypt. “Encrypt adds a missing primitive: the ability to build applications that keep sensitive data encrypted while still running on a public blockchain. That is what Encrypted Capital Markets means.”

A New Primitive for Solana Developers

Encrypt’s developer platform allows teams to create encrypted programs for Solana, integrating confidentiality into the core of applications rather than as an ancillary feature. This offers a significant evolution in how financial behaviors on public blockchains are perceived.

“Solana has already proven that markets can move on-chain,” stated David Lachmish, Co-Founder of Encrypt. “The next frontier is cryptographic guarantees for private state on a public blockchain, and Encrypt brings FHE to Solana to make confidentiality a native building block for composable applications.”

With Encrypt, Solana aims to support a future where on-chain markets remain programmable and accessible globally, while confidentiality becomes an integral part of the infrastructure. The launch on Solana’s devnet is anticipated in early Q2, with the mainnet debut scheduled later this year.

About Encrypt

Encrypt is spearheading the development of Encrypted Capital Markets on Solana, enabling developers to build applications that compute directly on encrypted data. This approach could herald a new age of confidential decentralized finance (DeFi) and innovative financial markets.