TL;DR:
The transparency problem that kept institutions away from public blockchains now has a potential solution. T-REX Network, the multi-chain orchestration layer for real-world assets (RWAs) backed by Apex Group, announced a partnership with Zama, a pioneering company in fully homomorphic encryption (FHE), to integrate native confidentiality within its own Ledger.
The T-REX Ledger is a neutral layer 2 blockchain designed for compliant and interoperable digital securities. It functions as a single source of truth in multi-chain environments and unifies identity and regulatory compliance within a single infrastructure compatible with the ERC-3643 standard, which currently safeguards $32 billion in tokenized assets.
Public blockchains expose by design every transaction, balance and position to anyone who seeks that information. For years, financial institutions responded by building private chains to preserve their control and confidentiality, but in doing so they created new silos, gave up interoperability and captured little of the efficiency the technology promised.

The integration of Zama’s FHE protocol allows smart contracts to process data without ever needing to decrypt it. This makes it possible for institutions to issue, manage and operate digital assets on public blockchains while maintaining the discretion that regulated markets demand.
“Integrating Zama’s FHE protocol directly into the T-REX Ledger means institutions can operate fully onchain without exposing their confidential data,” stated Joachim Lebrun, co-founder of T-REX Network and author of the ERC-3643 standard. For his part, Dr. Rand Hindi, co-founder and CEO of Zama, argued that “confidentiality is not an optional feature for institutional blockchain adoption — it is fundamental infrastructure.”
The collaboration, which emerged within a working group of the ERC3643 association, aims to embed regulatory compliance, interoperability and privacy from the ground up in the infrastructure, rather than adding them as external layers. Apex Group, which administers $3.5 trillion in assets globally, will adopt the T-REX Ledger as default infrastructure and set a target of tokenizing $100 billion in assets by June 2027.