Confidential liquidity for
institutional counterparties.
STN is a permissioned network where institutions discover price and settle trades without leaking intent. Encrypted order flow, verifiable execution, cross-venue settlement.
Price discovery without intent leakage.
Institutions submit encrypted orders; neither counterparties nor the network can observe pre-trade intent.
Price discovery happens over encrypted state using fully homomorphic encryption (FHE) primitives.
Execution and settlement produce cryptographic proofs that anchor to institutional compliance and reporting.
Institutional-grade confidentiality is table stakes.
Public mempools and exposed dealer rails are incompatible with institutional mandates. STN closes the gap between on-chain transparency and institutional discretion — preserving auditability without sacrificing intent privacy.
Intent is never observable to counterparties, venues, or mempool observers. No information leakage, no front-running.
Every execution emits verifiable evidence of pricing and routing — enough for best-ex review, audit, and regulator reporting.
Join the network.
STN is onboarding institutional counterparties in a controlled rollout. Participation is subject to KYC/AML, mandate review, and pilot scoping.