Zama launches Confidential RFQ protocol, allowing institutions to conceal size, assets, and direction when completing trades

According to Odaily, Zama founder Rand stated on X that Zama has launched the Confidential RFQ protocol, which is now available as a private beta on the Ethereum mainnet and is expected to be publicly released in September, with multi-chain support to follow. This protocol is based on the ERC-7984 confidential token standard, enabling professional market makers to compete to fill encrypted trades through sealed-bid auctions, while keeping the trade size, direction, and asset type fully concealed throughout the process. The protocol allocates 100% of swap fees to repurchasing and burning ZAMA tokens, with no front-end fees. Zama noted that currently, large on-chain trades are still conducted through OTC or dark pools to avoid strategy exposure.