Confidential Order Flow
Trade size without telegraphing it to the market.
What it does
An institution cannot work a large order on a fully transparent book: the moment the size is visible, the market moves against it. Traditional venues solve this with dark pools and careful execution, and a tokenised secondary market needs an equivalent. This module is designed so orders are committed privately and matched without the book being readable in advance, while settlement remains verifiable and every participant is still screened for eligibility before trading. Pre-trade confidentiality, post-trade transparency. In development.
How it works
Confidential Order Flow sits in front of the Secondary Marketplace. Orders are committed privately, matched, and handed to the Settlement Engine, which settles both legs in the open.
Select a step to replay it. Hover to pause.
Step 1 of 3: Commit. An order is committed privately rather than posted to a public book.
Key capabilities
Private order commitment
Size and intent are committed cryptographically rather than broadcast before execution.
Matching without a readable book
Participants cannot front-run an order they were never able to see.
Verifiable settlement
Confidentiality applies before the trade; the settled outcome stays checkable.
Eligibility still enforced
Only verified, permitted participants can trade, exactly as on the transparent path.