Zama adds a layer of confidentiality to existing public blockchains such at Ethereum and Solana. It enables users to shield their tokens and confidentially transfer, swap or stake them in DeFi. Some use cases include confidential stablecoins, swaps, RWA tokenization and DeFi. Zama is like HTTPS, but for blockchain transactions. Zama leverages state-of-the-art Fully Homomorphic Encryption (FHE) technology, which enables computing directly on encrypted data. FHE has long been considered the “holy grail” of cryptography, as it allows end-to-end encryption for any application, onchain or offchain, and is secure even against quantum computers. Zama was founded by Dr Rand Hindi (PhD in AI, created one of the first AI companies) and Dr Pascal Paillier (PhD in cryptography, co-inventor of FHE and the Paillier scheme). They have over 100 people in their team, including 37 PhDs, and have raised over $150m from Multicoin, Pantera, and other.