Zama Opens Confidential Access to DeFi’s Existing Yield Venues

[PRESS RELEASE – Paris, France, 17th September 2026]

Following June’s launch with Morpho and Steakhouse, Zama extends confidential entry to 16 curated vaults throughout 5 curators and 5 asset courses, and opens the Zama Swap Protocol for confidential swaps between positions.

Zama, the quickest rising confidentiality protocol for onchain finance, as we speak introduced a significant enlargement of confidential entry to onchain yield in partnership with Morpho, alongside 5 of the main DeFi curators: Steakhouse Financial, Armitage by Wintermute, Flowdesk, RockawayX, and Bitwise. The launch provides 16 confidential vaults throughout 5 asset courses (USDC, USDT, WBTC, AUSD, and TGBP), and opens the general public launch of the Zama Swap Protocol, permitting customers to confidentially swap between confidential property on Ethereum.

This launch builds on the confidential Steakhouse USDC Prime vault Zama launched with Morpho and Steakhouse in June 2026, which grew from zero to $40 million in TVL inside seven weeks and established confidential DeFi as a confirmed institutional product class.

On public blockchains, positions, balances, and methods are seen to rivals and front-runners, a structural blocker to institutional deployment at scale. By increasing the vary of curated confidential vaults and including 4 new asset courses as deposit property, Zama permits institutional allocators, company treasuries, and energetic market members to entry diversified onchain yield with out disclosing their holdings or methods.

“When we launched the primary confidential USDC vault with Morpho and Steakhouse in June, we proved that confidentiality and DeFi should not mutually unique,” stated Dr. Rand Hindi, Co-founder and CEO of Zama. “Today’s enlargement is proof of the mannequin at scale. Sixteen vaults, 5 curators, 5 asset courses, all constructed on the identical DeFi infrastructure that subtle capital already makes use of. Same vaults, identical curators, identical liquidity, now with confidential entry. This is how confidential DeFi turns into a class and never an experiment.”

The enlargement presents depositors two varieties of confidential vaults, operating in parallel:

• 12 Hybrid vaults: confidential entry to current curated vaults, together with the Prime USDT vault curated by Steakhouse. Same technique, identical liquidity, and identical threat profile because the underlying vault, with confidential deposit and place.
• 4 Exclusive vaults: net-new confidential-only vaults with no public equal, together with the Wintermute Confidential WBTC – armcWBTC. (—-)

All 16 vaults are deployed on Morpho and obtainable as we speak via the Zama App. Additional entry factors, together with Utila, Zerion Wallet, and Yield.xyz, will roll out within the weeks following launch.

The Zama Swap Protocol launches alongside the vault suite, permitting depositors to swap between confidential property, together with all vault share positions, and cUSDC, cUSDT, cWBTC, cAUSD, and cTGBP, with out exposing intent or measurement. This closes the total deposit-earn-swap loop fully inside a confidential envelope.

“Institutions have more and more been exploring how onchain capital allocation might be made extra confidential to match their necessities. Adding these confidential vaults on Morpho was an necessary step for us. It’ll scale confidential DeFi effectively and open new potentialities for allocators onchain, with out altering the technique, the liquidity, or the danger profile.” stated Merlin Egalite, Co-founder of Morpho

“Confidentiality is the situation onchain capital markets have to fulfill earlier than they’ll carry institutional-scale quantity. Through our work with Zama, we’re opening up confidential entry to our AUSD RWA Strategy Vault, giving institutional allocators a compliant path onchain.” stated Guilhem Chaumont, Co-founder and CEO of Flowdesk.

“We have been glad to work with Zama on its first confidential vault, and the market response makes it clear that depositors worth confidentiality,” stated Sébastien Derivaux, Co-founder of Steakhouse Financial. “The pure subsequent step was to lengthen that entry to a five-vault suite throughout USDC, USDT, and tGBP. Depositors now have extra alternative in how they use stablecoins throughout Morpho, whereas protecting their positions personal.”

“BTC has principally sat onchain as collateral as a result of there has hardly ever been significant yield to earn on it. The Wintermute Confidential WBTC vault offers WBTC holders a approach to truly put it to work, pairing Armitage’s energetic threat curation with a confidential-only design that has no public equal, so positions keep off the general public document,” stated Igor Igamberdiev, Armitage Lead.

“Zama’s confidential product suite is unlocking institutional adoption alternatives globally together with within the UK the place stablecoin adoption with massive establishments is a greenfield alternative,” stated Benoit Marzouk, CEO of BCP Technologies the issuer of tGBP. “The mixture of confidentiality with bluechip protocols like Morpho present a transparent entry level for any institutional participant integrating stablecoins into their enterprise.”

“Every place a self-custodial pockets person holds is public by default. That’s one of many causes individuals are reluctant to hold massive quantities onchain. Zama’s confidentiality layer plugs into vaults folks already use somewhat than asking them to transfer to a brand new chain. A pockets can assist this natively with minimal friction, and why these vaults are coming to Zerion within the weeks forward.” — Evgeny Yurtaev, Co-founder & CEO at Zerion.

Institutions might be hesitant to lend onchain for 2 causes. They can’t inform precisely what they’re uncovered to, and anybody with a block explorer can see what they maintain. RockawayX’s RWA vault handles predictable returns and collateral you may examine onchain, underwritten the identical approach we’ve run CeFi and DeFi lending since 2022 with zero defaults. Zama handles the second with its confidentiality platform.” Nassim Alexandre, Head of Onchain Asset Management and Curation at RockawayX.

“Confidentiality shouldn’t require establishments to abandon the platforms they already use. Yield.xyz makes Zama’s confidential Morpho Vaults accessible via the identical integration layer that wallets and monetary platforms use to supply onchain yield. That offers platforms a sensible path to assist confidential positions whereas preserving the underlying technique, liquidity, and threat profile,” stated Serafin Lion Engel, Co-Founder and CEO at Yield.xyz.

“Institutions want to defend their funding methods whereas sustaining clear management over how capital is deployed,” stated Bentzi Rabi, Co-founder and CEO of Utila. “Through our work with Zama, we’re bringing confidential entry to Morpho vaults into Utila’s MPC pockets infrastructure, so treasury and funding groups can entry onchain yield with the coverage controls and approval workflows they depend on throughout their digital asset operations.”

“Incentives have been the one factor confidential property couldn’t have, as a result of rewarding a stability meant studying it. It was an actual pleasure working with the Zama group to change that, extending Merkl’s engine to ERC7984 so campaigns run on encrypted balances. Depositors see an APR and earn, whereas no place, reward, or leaderboard entry ever turns into public.” stated Pablo Veyrat, CEO of Merkl.

This enlargement establishes the operational blueprint for additional additions to the confidential DeFi ecosystem in 2026 and 2027, together with extra curators, asset courses, distribution surfaces, and native institutional custody integrations.

The 16 confidential vaults will formally open for deposits on September 15, 2026 on the Zama app.

For extra info, technical documentation, or to assessment the combination structure, please go to zama.org or comply with @Zama on X.

About Zama – www.zama.org

Zama is the quickest rising confidentiality protocol for onchain finance. By leveraging Fully Homomorphic Encryption (FHE), it permits digital property to be issued, managed, and traded privately on current public blockchains similar to Ethereum and Solana. Founded by FHE pioneer Dr. Pascal Paillier and entrepreneur Dr. Rand Hindi, Zama brings collectively one of many world’s largest groups of FHE researchers and engineers and helps a world ecosystem of builders constructing confidential functions. zama.org.

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