Mysten launches confidential settlement prototype on Sui

cryptonews

Aug 11

Mysten Labs has introduced Tessera, a business-to-business settlement prototype that hides payment amounts while preserving controlled access for counterparties, regulators, and auditors. Summary ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMysten launches confidential settlement prototype on Sui\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-11 03:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/mysten-launches-confidential-settlement-on-sui/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mysten Labs has introduced Tessera, a business-to-business settlement prototype that hides payment amounts while preserving controlled access for counterparties, regulators, and auditors.\n\n\nSummary\n\n\n...</p>\n\n<a href=\"https://crypto.news/mysten-launches-confidential-settlement-on-sui/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TXXS","symbol_name":"21Shares 2x Long Sui ETF","start_time":0,"source_url":"https://crypto.news/mysten-launches-confidential-settlement-on-sui/","article_id":"2658095527","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/mysten-launches-confidential-settlement-on-sui/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2658095527","pubTimestamp":1786388978,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Mysten Labs has introduced Tessera, a business-to-business settlement prototype that hides payment amounts while preserving controlled access for counterparties, regulators, and auditors.Seal MPC grants scoped, temporary access to regulators, tax authorities, and dispute arbiters.The prototype supports one-time transfers, recurring payments and disputed-payment arbitration.The blockchain continues to show who paid whom and when the payment occurred. However, the amount appears encrypted to outside observers.“Institutions won’t settle on rails where competitors can see pricing and volume,” Sui said.A company can see the amount attached to its own transactions, while a competitor viewing the same activity cannot. This design aims to prevent public blockchains from exposing supplier pricing, trading volumes, treasury movements, and other commercially sensitive information.Membership is gated through know-your-customer checks. Network operators can onboard and fund members, freeze individu","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"TXXS":"21Shares 2x Long Sui ETF"},"translate_title":"Mysten 在 Sui 上推出保密结算原型","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TXXS":1.5},"content_text":"Mysten Labs has introduced Tessera, a business-to-business settlement prototype that hides payment amounts while preserving controlled access for counterparties, regulators, and auditors.\n\n\nSummary\n\n\n\nTessera allows KYC-approved businesses to settle invoices using a confidential stablecoin.\nPayment amounts remain encrypted, while counterparties can view the transactions involving them.\nSeal MPC grants scoped, temporary access to regulators, tax authorities, and dispute arbiters.\nThe prototype supports one-time transfers, recurring payments and disputed-payment arbitration.\n\n\n\nTessera brings private B2B settlement to Sui\nIn an Aug. 10 X thread, Sui presented Tessera as a closed settlement network for businesses. Approved members can settle invoices using a confidential stablecoin without publishing the value of each transaction onchain.\n\nMeet Tessera, a B2B settlement network.A closed group of businesses settles invoices in a confidential stablecoin. Membership is KYC-gated.The chain shows who paid whom and when. The amount appears as ▦▦▦.Check the full demo.👇 pic.twitter.com/KA5ecJkWth— Sui (@SuiNetwork) August 10, 2026\n\nThe blockchain continues to show who paid whom and when the payment occurred. However, the amount appears encrypted to outside observers.\n“Institutions won’t settle on rails where competitors can see pricing and volume,” Sui said.\nA company can see the amount attached to its own transactions, while a competitor viewing the same activity cannot. This design aims to prevent public blockchains from exposing supplier pricing, trading volumes, treasury movements, and other commercially sensitive information.\nMembership is gated through know-your-customer checks. Network operators can onboard and fund members, freeze individual accounts, or pause the settlement network when necessary.\nTessera supports one-time transfers and recurring payment channels. If a transaction enters dispute, the network can temporarily give an arbiter access to the relevant payment.\nSeal MPC controls who can view payment amounts\nTessera combines Sui’s confidential-transfer technology with Seal, Mysten’s system for encrypted data and programmable onchain access.\nSeal uses threshold encryption to distribute control of decryption keys across multiple parties. Its policies can determine who receives access, what information they can view, and how long that permission remains valid.\nUnder the Tessera demonstration, a prudential regulator could receive visibility across the network. A tax authority could be limited to records involving one member, while an arbitrator could view only a disputed transaction and only while the case remains open.\nThese mandates are scoped, time-limited, and revocable. None of the authorized viewers can move the underlying money, according to Sui.\nThe prototype expands on confidential transfers opened for public testing in June. That system encrypts token balances and transferred amounts while leaving addresses, token types, and timestamps visible.\nSui’s confidential transfers use Twisted ElGamal encryption and zero-knowledge proofs to confirm that payments are valid without revealing their value. The network can therefore prevent overdrafts or unauthorized token creation while keeping amounts private.\nBlockchains compete for institutional privacy\nPublic visibility has become a major obstacle for companies considering blockchain settlement. Businesses may not want competitors to monitor their payroll, supplier terms, trading positions, or treasury activity.\nOther networks are addressing the same problem. XRP Ledger validators are considering confidential transfers aimed at a tokenized-asset market worth more than $530 million.\nCircle has also introduced Arc Privacy for confidential institutional smart contracts. Like Tessera, Arc’s model seeks to hide sensitive financial activity while preserving access for audits and compliance reviews.\nTessera differs from anonymity-focused privacy coins because it does not conceal every part of a payment. Identified participants and authorized oversight remain central to its design.\nFor U.S. institutions, those controls could support internal compliance and reporting processes, but the announcement did not identify a stablecoin issuer, regulatory approval, or commercial launch jurisdiction.\nSUI shows no clear reaction to prototype\nSUI traded around $0.69 following the announcement, within a 24-hour range of approximately $0.684 to $0.704, according to CoinGecko. The token showed no clear price move tied specifically to Tessera.\nMysten has described Tessera as a prototype rather than a production network. Sui did not provide a public launch date, participating companies, or deployment schedule.\nThe next step will be determining whether the model can move beyond a controlled demonstration and support regulated businesses with different privacy, reporting, and dispute-resolution requirements.\n\n\n\n\n\n                Read more:\n            \n\n                BlackRock Canada launches ETF with 3% Bitcoin allocation","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}