Helius Launches Privacy Protocol Privacy Rings on Solana Mainnet

Helius has launched a permissionless privacy protocol, Solana Privacy Rings, on the Solana mainnet. The protocol supports SOL, SPL, and Token-2022 tokens, with both the type and amount of transferred assets encrypted, while wallet addresses remain publicly visible. Users can deposit assets into a privacy pool, initiate private transfers to any Solana wallet address, or withdraw assets back to their public balance. Transactions are executed and settled directly on the Solana mainnet. Developers can integrate privacy features into existing applications via API and SDK. Teams such as Jupiter, Backpack, and DFlow are currently integrating the protocol. A permissioned version for institutions, Custom Rings, is currently under audit and is expected to launch on the mainnet in the coming weeks, supporting selective disclosure, audit access, and KYC-based whitelisting.

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