Decrypt is partnering with Solana infrastructure company Helius to bring confidential transfers to the Decrypt Money Account.
The integration uses Solana Privacy Rings, Helius' privacy system for Solana, to let Decrypt Money Account users send funds without revealing what they are sending to the rest of the world. It forms part of Decrypt's evolution into The Information Exchange, which brings reading, trading and prediction markets together in a single account.
“With Decrypt Money Accounts, we want to be on the forefront of bringing finance on-chain,” said Decrypt co-founder and COO Ilan Hazan, adding that, “We aim to provide an user experience that exceeds that of traditional finance platforms, and privacy is a core component.”
The partnership addresses the issue of publicly visible balances and transactions on Solana, said Tilo Palfner, product lead at Helius. "Public wallets can reveal what someone holds, sends and how they trade," he explained. "Once a wallet is linked to a person, that history can expose their finances to anyone on the internet. That matters for everyday users as much as it does for companies."
For users, confidential transfers work like any other Solana transfer. "Solana Privacy Rings feel like any Solana transfer: almost instant. The difference is that the world cannot see what you're sending," Palfner said.
The Decrypt Money Account is designed to work without seed phrases, gas fees or bridging, and the privacy layer is built to stay out of sight too. "We abstract the technology away so using a Decrypt Money Account feels like using a neobanking app," Palfner said. "Under the hood, succinct zero-knowledge proofs let users prove that they own and can spend their balance without revealing it."
For now, privacy applies to sending funds. It does not yet cover Jupiter-powered swaps on The Information Exchange, Earn or prediction market positions. "This is the first step," Palfner said. "Solana Privacy Rings lay the foundation for programmable privacy across many different financial applications, including private swaps, lending and yield."
“The ability to transfer and trade privately is pivotal to onboarding more users and use cases to on-chain finance broadly and the Information Exchange in particular,” said Decrypt CPO Alex Solleiro, adding that Decrypt will “continue to support the development and adoption of new privacy-powered workflows and deepen our value proposition.”
Privacy and compliance
Solana Privacy Rings are designed to work alongside compliance tools. Users can share access to their private balances through viewing keys, and blockchain analytics firms including Range, Chainalysis, Elliptic and TRM Labs support wallet screening to identify sanctioned addresses, according to Helius.
"Privacy and compliance do not have to be at odds," Palfner said, adding that each application "still needs to define and enforce its compliance policies."
The core programs are live on Solana mainnet and have been audited by security firms Certora, OtterSec and ZK Security, according to Helius. The default ring is permissionless, with no global auditor key, and users can recover their private balances directly from Solana without relying on a separate provider to store their encrypted data. Helius is also building Custom Rings, which will let institutions set their own compliance controls and auditor access, with release planned for the fourth quarter of 2026.
Helius CEO and co-founder Mert Mumtaz argues privacy is the next big challenge for the wider crypto space. "When people talk about adoption and scaling in crypto, they mistakenly only think about throughput and latency—but the final scaling frontier in crypto is actually privacy," he said. "Without privacy, no serious institution or individual will feel comfortable having their entire financial identity exposed to the public in perpetuity."
"You can not hack what you cannot see," Mumtaz added. "So for crypto to scale 1,000x from here, privacy must be treated as a first-class citizen."
