Archax-managed tokenised funds from the world’s leading asset managers have gone live on Applied Blockchain’s Silent Data.
This move gives institutional investors on-chain access to regulated fund products with full data confidentiality for the first time, the companies said.
Applied Blockchain, the company behind Silent Data, announced the funds managed by Archax include funds from Aberdeen, BlackRock, Fidelity International, and State Street.
Silent Data’s built-in, hardware-enforced privacy means sensitive balance, transaction and investor data will remain confidential and accessible only to authorised parties.
Silent Data is a high-performance, Turing-complete programmable-privacy Ethereum layer 2 blockchain for institutional use. It processes sensitive data inside trusted execution environments (TEEs) – specialised hardware environments – so balance, transaction and investor information is not visible to infrastructure operators or other network participants.
Adi Ben-Ari, founder & CEO of Applied Blockchain, said: “This is a landmark moment for tokenised assets. Until now, institutions have had to choose between the benefits of public blockchains and the data confidentiality their operations require. With Silent Data, that trade-off no longer exists. Having tokenised funds from some of the world’s largest asset managers now available with a privacy wrapper demonstrates that regulated, institutional-grade products can operate on-chain with full confidentiality – and that’s a powerful signal for the future of digital finance.”
Graham Rodford, CEO and co-founder of Archax, said: “Silent Data gives us the ability to offer tokenised fund products with the granular privacy controls that regulated investors demand, without sacrificing the transparency and efficiency that public blockchains provide. This is exactly the kind of infrastructure the industry needs to scale.”
