Helius launched Privacy Rings on Solana mainnet, allowing users to conceal token identities and amounts in transfers while keeping wallet addresses visible to other network participants.
The flow starts with a deposit into a private pool; funds can then go to any Solana wallet and later be withdrawn to a public balance. The system supports the Solana (SOL) token, SPL assets and Token-2022 tokens. Transfers are processed and settled on Solana mainnet.
Helius says app developers can add the capability using its APIs and software development kits (SDKs).
Helius is developing Custom Rings as a permissioned privacy product for institutions. The Solana Foundation said the product is under audit and expected on mainnet in the coming weeks; Helius lists selective disclosure, auditor access and KYC-based allowlists among its planned controls.
