One of our portfolio companies quietly making significant progress behind the scenes is @ArciumHQ. A recent announcement from them that deserves far more attention: they've introduced a completely new token standard on Solana called Confidential SPL Tokens. These tokens enable encrypted balances and transfers at the token level, without compromising performance or composability. In my opinion, this could be a major driver and missing puzzle piece for adoption of on-chain privacy after all this time. What makes this so impactful is that it removes the need for separate "privacy layers" - which historically failed to gain adoption - and instead brings privacy into the token standard itself. Just a few use cases that this would unlock in order to make this more tangible: - On-chain private payroll - Confidential stablecoin payments - Hidden strategy execution in DeFi - Secure enterprise and B2B flows - Compliance-friendly privacy for institutions Because it’s usable by any smart contract, wallet, or program, privacy becomes opt-in, programmable, and - most importantly - native to the @solana ecosystem. Token standards are typical winner takes it all scenarios. It reminds me of how @metaplex pioneered the NFT standard on Solana few years ago - a standard that still dominates the NFT space today and has proven to be an enormous value driver, generating tens of millions of USD in revenue. If Arcium succeeds in setting this confidentiality standard, it could play a similar role for private value transfer as Metaplex did for NFTs - quietly powering the entire category of privacy on Solana.