On-chain encrypted execution releases the curve, so founders no longer have to worry about employees screenshotting and leaking the ownership table.

CryptoWorld News: Crypto startup Zama has announced the acquisition of enterprise-level token lifecycle management platform TokenOps, bringing Fully Homomorphic Encryption (FHE) into institutional token vesting, airdrop, and cap table management. TokenOps says that after processing more than $2 billion in distributions and acquisitions, token issuers can use the ERC-7984 confidential token standard to perform encrypted on-chain execution of allocations, release curve management, and recipient identity management. Previously, in June 2025, Zama raised $57 million in a Series B round led by Pantera Capital and Blockchange, valuing it at $1 billion.