COTI Foundation, a programmable privacy layer for Web3 and decentralized finance (DeFi) payments, has excitedly declared the addition of On-chain privacy in the Web3 market for the tokenization of real-world assets (RWAs). On-chain privacy is a crucial element in making broader-level transactions seamless with an authentic record.
COTI Foundation steps forward in the market with an on-chain privacy solution. The tokenization of real-world assets (RWAs) is estimated to become a $30 trillion market opportunity. An on-chain privacy mechanism plays an important role in sensitive matters like real estate, private credit, or equity. Without this mechanism, equity is impossible on public blockchains. COTI Foundation has released this news through its official X account.
Garbled Circuits Powering Secure and Private On-Chain Asset Transfers
The need for On-chain privacy arises in the market due to the experience of users in public blockchains. In traditional finance, privacy is a safeguard that protects vital information about asset ownership, valuations, and transactions. At that time, the secret data exposed about the ownership of assets, the value of data, and transaction histories, which often compromised the business strategy and confidentiality of agreements.
Without this privacy, RWAs could never meet the requirements for full confidentiality that is the basis of any protected financial systems. In this scenario, COTI comes with an Ethereum Layer 2 privacy network that actively finds the gap and creates the confidential RWAs by offering a fast, scalable way to maintain on-chain privacy. COTI has a privacy network powered by Garbled Circuits that hides the sensitive information while transferring and validating data.
Bridging Traditional Finance and Web3 with Encrypted Asset Management
COTI Foundation makes sure real-time confidential transactions in which asset data is fully encrypted and stored privately, ownership and transaction proof are indicated cryptographically without public exposure. Institutions have full control over their digital assets for management and tokenized trading in collaboration with regulatory authorities for confidentiality.
In a nutshell, COTI is protecting users’ digital assets with full coverage for preventing any minute mistake that can lead to a big loss. It remains users’ account information secret, and for authentic transactions, it shows only the transaction status for users’ satisfaction and a transparent interface. It bridges the gap between traditional asset management systems and Web3 infrastructure.
Source: https://blockchainreporter.net/coti-foundation-brings-on-chain-privacy-for-rwa-tokenization/
