NewsCryptoDecrypt Money Account Adds Confidential Transfers on Solana Via Helius Privacy Rings

Decrypt Money Account Adds Confidential Transfers on Solana Via Helius Privacy Rings

Author: Decrypt·

Key Takeaways

  • •Decrypt partnered with Solana infrastructure firm Helius to bring confidential transfers to the Decrypt Money Account, with the announcement made on November 10, 2026.
  • •The feature is built on Solana Privacy Rings and uses succinct zero-knowledge proofs, allowing users to prove they own and can spend balances without revealing amounts on the public ledger.
  • •Confidentiality currently covers only outbound transfers and does not yet apply to Jupiter-powered swaps, Earn, or prediction market positions, though private swaps, lending, and yield are planned.
  • •The core programs underpinning the system are live on Solana mainnet and were audited by security firms Certora, OtterSec, and ZK Security, with the default ring being permissionless and carrying no global auditor key.
  • •Helius plans to release Custom Rings in the fourth quarter of 2026 so institutions can define their own compliance controls and auditor access, while viewing keys and wallet screening supported by analytics firms such as Chainalysis, Elliptic, and TRM Labs address compliance needs.
Decrypt Money Account Adds Confidential Transfers on Solana Via Helius Privacy Rings

Decrypt has partnered with Solana infrastructure firm Helius to bring confidential transfers to the Decrypt Money Account, letting users send funds on Solana without the amounts appearing on the network's public ledger. The announcement was made on November 10, 2026.

The integration is powered by Solana Privacy Rings, Helius' privacy system for the network, and represents the latest step in Decrypt's evolution into The Information Exchange, an initiative that brings news, trading and prediction markets together in a single account. Additional privacy features are planned beyond transfers.

"With Decrypt Money Accounts, we want to be on the forefront of bringing finance on-chain," said Decrypt co-founder and COO Ilan Hazan. "We aim to provide a user experience that exceeds that of traditional finance platforms, and privacy is a core component."

The partnership directly addresses one of Solana's structural characteristics: by default, balances and transactions are visible to anyone. "Public wallets can reveal what someone holds, sends and how they trade," said Tilo Palfner, product lead at Helius. "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, the experience is designed to feel seamless. "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 built to operate without seed phrases, gas fees or bridging, and the privacy layer is engineered to stay out of the user's way as well. "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, the confidentiality feature covers outbound transfers only. It does not yet extend to 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."

Helius marked the launch with a post on X on November 10:

Today, Solana changes forever

Introducing Solana Privacy Rings - encryption at the speed of Solana

Rings are programmable, onchain environments for encrypting money, markets, and finance - without ever leaving Solana

Now live on mainnet. pic.twitter.com/ezCIUCjcbI

— Helius (@Helius) November 10, 2026

According to Helius, the core programs underpinning the system are now live on Solana mainnet and have been audited by security firms Certora, OtterSec and ZK Security. The default ring is permissionless and carries no global auditor key, and users can recover their private balances directly from Solana itself rather than relying on a separate provider to store their encrypted data.

Helius is also developing Custom Rings, which, unlike the default ring, will let institutions define their own compliance controls and auditor access, with a release planned for the fourth quarter of 2026. That release, together with the planned extension of Privacy Rings into private swaps, lending and yield, is the clearest near-term checkpoint for how far programmable privacy extends beyond outbound transfers on The Information Exchange.

Privacy and compliance

The privacy system is designed to work alongside existing compliance tooling. 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 designed 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."

Helius CEO and co-founder Mert Mumtaz argues that privacy, rather than raw throughput, represents the next major challenge for the broader crypto industry. "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."