strk20

StarkWare launches the STRK20 privacy token standard, allowing users to hide on-chain balances and transaction details while maintaining compliance checks and regulatory disclosure mechanisms.

According to The Block, Starknet has launched the zero-knowledge privacy framework STRK20, which provides balance shielding and private transfer capabilities for any ERC20 asset on the network, and has first been implemented on strkBTC.This framework allows developers to introduce privacy features for scenarios such as transfers, exchanges, lending, staking, payments, and donations without the need to build a separate privacy system.STRK20 embeds a "shielding" mode in the asset path, rather than using a traditional mixer structure, while introducing a viewing key mechanism that selectively discloses specific wallet information only upon receiving legally valid requests, balancing privacy protection and compliance requirements.StarkWare CEO Eli Ben-Sasson believes that such ZK privacy solutions are expected to make regulatory investigations more precise and reduce the collateral impact on a large number of wallets.

According to The Block, Starknet is developing a new privacy feature aimed at enabling teams to issue protected stablecoins and other assets while maintaining compliance.This feature is called the STRK20 framework, developed by StarkWare, and is expected to be deployed on Starknet later this year.The framework is designed to provide token-level privacy protection for assets issued on Starknet, keeping transactions and balances confidential while being compatible with decentralized finance (DeFi) applications. According to the team, Starknet's solution is expected to support ERC-20 tokens—the standard used by most fungible assets on Ethereum.