Aptos launches privacy token Confidential APT

Jinse Finance reported that on April 29, Aptos recently launched the privacy token Confidential APT on its mainnet, maintaining a 1:1 peg with APT. It uses zero-knowledge proofs to conceal token balances and transfer amounts, while keeping wallet addresses visible and ensuring transaction verifiability. Sherry Xiao, founding engineer at Aptos Labs, stated that the token aims to address the long-standing contradiction between blockchain privacy and compliance transparency, and can solve issues related to the public exposure of sensitive information such as on-chain payroll, treasury operations, and trading strategies. From a compliance perspective, activation of the audit key requires approval via an on-chain governance vote. The launch of Confidential APT originated from a governance proposal that was nearly unanimously approved. Xiao expects individual adoption to outpace enterprise adoption. If the mainnet operates stably for six months with strong transaction volume, it will help shorten the enterprise sales cycle.