Encrypt Is Coming to Solana to Power Encrypted Capital Markets

Grand Cayman, Cayman Islands, March 31st, 2026, Chainwire

Encrypt brings FHE to Solana to enable fast, fully confidential, and composable applications on Solana

Encrypt is coming to Solana with a clear vision: Encrypted Capital Markets.

Solana is the number one ecosystem for blockchain developers and the most used blockchain in the world. It is where the fastest teams ship, where breakout consumer products launch, and where Internet Capital Markets are being built in real time.

Encrypt brings a new kind of cryptography to the Solana ecosystem: Fully Homomorphic Encryption (FHE). With FHE, developers and institutions can build apps that do math directly on encrypted data. In simple terms, data stays private while the app logic runs onchain.

Developers and institutions building fast financial apps on Solana can now use Encrypt to add native privacy to those apps. Use cases may include:

• Trading venues
• Lending markets
• Auctions
• Prediction markets
• Other app types that were hard to build on public blockchains because of privacy limits

Encrypted Capital Markets

Blockchains are known for composability, meaning apps can plug into each other. But they have long struggled to keep data private.

Most current ways to add privacy onchain force tradeoffs:

• Some rely on trusted operators or special hardware.
• Others can hide data for a single user, but do not let apps shared by many users stay confidential.
• Some give up composability between apps.
• Many privacy systems are simply too slow or too limited for real financial apps.

Encrypt changes that model by bringing FHE to Solana.

FHE is a breakthrough tool in cryptography. It lets computers work on encrypted data without decrypting it first. Developers do not have to expose balances, positions, orders, or app state to the public. Instead, they can build programs where sensitive data stays encrypted the whole time.

This opens the door to a new design space for Solana builders: financial apps that are fast, composable and confidential by default.

The following can now be built in a way that feels native to how Solana runs:

• Confidential trading
• Hidden liquidity
• Private collateral
• Sealed-bid auctions
• Private prediction markets
• Encrypted strategy vaults
• FHE-TLS apps with confidential and verifiable read/write API calls
• Other privacy-preserving apps

“Solana already has the performance, developer energy, and market structure to become the home of the next generation of onchain finance,” said Dolev Mutzari, Co-Founder of Encrypt. “Encrypt adds a missing primitive: the ability to build applications that keep sensitive data encrypted while still running on a public blockchain. That is what Encrypted Capital Markets means.”

A New Primitive for Solana Developers

At the core of Encrypt is a developer platform that lets teams write encrypted Solana programs.

Encrypt does not treat privacy as an add-on. It makes privacy part of the app itself. Developers and institutions can build programs that work on encrypted inputs and encrypted state. They keep the composability and programmability that make Solana powerful.

For users, public blockchains no longer have to mean fully public financial behavior.

For developers, whole new product types become practical on Solana. These include markets with hidden intent, lending with confidential positions, marketplaces with sealed bidding, and apps where privacy is part of the user experience, not a compromise.

For institutions, it removes one of the biggest barriers to adoption. They can enjoy the benefits of a public, permissionless and composable blockchain without having to share or reveal sensitive data.

Just as important, Encrypt is built for real apps, not just demos. Its design aims to make confidential execution practical for fast, low-latency, composable settings. Modern onchain markets need exactly that.

Why It Matters

Today, much of crypto finance still assumes that every action, position, and strategy must be visible by default.

That transparency has benefits, but it also creates clear limits:

• Traders expose intent before they trade.
• Liquidity providers reveal positions.
• Institutions find it hard to join public markets where every move is visible at once.
• Many apps that need confidential shared state simply cannot exist in a fully transparent setting.

Encrypt gives Solana builders a way past those limits. They do not have to give up the openness and composability of public blockchains.

That is the base for Encrypted Capital Markets: a world where sensitive financial logic can move onchain without forcing users, institutions, and apps to reveal everything in public. Readers new to the topic can learn more about how blockchain infrastructure works.

“Solana has already proven that markets can move onchain,” said David Lachmish, Co-Founder of Encrypt. “The next frontier is cryptographic guarantees for private state on a public blockchain, and Encrypt brings FHE to Solana to make confidentiality a native building block for composable applications.”

With Encrypt, Solana can support a future where markets are still onchain, programmable, and open to everyone worldwide, but where privacy is part of the infrastructure.

Encrypt will be live on Solana devnet in early Q2, and will launch on mainnet later this year. Readers can follow the latest Solana price for market context.

About Encrypt

Encrypt is building the infrastructure for Encrypted Capital Markets on Solana. It brings Fully Homomorphic Encryption to the Solana Virtual Machine. This lets developers build apps that compute on encrypted data directly onchain. It opens up a new generation of confidential DeFi, markets, and financial apps.

Encrypt is built by the team behind Ika. It uses Ika as infrastructure on Solana as part of its wider vision for next-generation onchain financial systems. Users can learn more Encrypt.

Contact

Encrypt
pr@ika.xyz