Financial agreements that compute while encrypted.
Vellum turns Zama confidential assets into investment products and private distributions: wrap assets, compute payoffs on encrypted terms, and reveal only what belongs to each holder.
Wrap public tokens into ERC-7984 confidential twins and decrypt balances — live registry, real Sepolia transactions.
OpenStructured notes whose strike and leverage stay encrypted while the payoff computes on-chain.
OpenConfidential disperse via the TokenOps SDK — each recipient reveals only their own allocation.
OpenEvery asset has a confidential twin.
Wrap a token from the registry and the balance moves from a public ERC-20 register to a sealed ERC-7984 register. The value remains present and transferable, but unreadable until the holder decrypts.
The shape is public. The terms stay sealed.
A Vellum note publishes the solvency bounds while strike and leverage remain encrypted. Settlement computes the capped call-spread payoff directly on ciphertext.
The warm moment belongs to the holder.
The final payoff is the only warm state: an authorized holder signs an EIP-712 request and decrypts their own value. A non-holder still sees the seal.
Only the holder can reveal this value. Everyone else receives an ACL rejection and the payoff remains sealed.