Token issuer or protocolNo privacy yetBUIDL is the most cited example of the transparency problem in tokenized funds. Every mint, transfer, redemption and holder balance is readable on a block explorer, and the allowlist that gates participation is access control rather than confidentiality. Coverage through 2026 has treated this openness as a structural liability once institutional desks trade at scale.
Private by design.
See how confidential transactions work on the networks you already use.