UAE registered SurferMonkey, has partnered with NYALA to revolutionize financial privacy and compliance within blockchain technology.

As per the announcement, the traditional financial systems often grapple with inefficiencies that drive up costs and cause delays. Blockchain protocol promises to streamline processes across primary and secondary markets, yet its inherent transparency poses challenges such as privacy concerns and confidential data exposure to competitors.

NYALA, tokenization platform is converting real world assets into digital twins. NYALA ensures seamless, compliant asset management, setting new benchmarks in efficiency, while SurferMonkey aims to complement NYALA’s platform by introducing regulatory privacy to the ecosystem.

SurferMonkey’s solution safeguards transactional privacy while adhering to regulatory standards including the Travel Rule. Their pioneering ZKP Mixing technology shields sensitive transaction data from competitors, ensuring robust data protection and compliance with regulatory frameworks such as MiCa or the German Electronic Securities Act (eWpG).

This strategic collaboration explores diverse use cases, including Asset Minting, DvP (Delivery versus Payment) for bonds using stablecoin EURe (Monerium), and more. Institutions can confidently tokenize and manage assets with the assurance that their data remains secure, private, and regulatorily compliant.

“We are huge believers in public chain infrastructure, says NYALA Co-CEO Johannes Schmitt. “However, this infrastructure needs to be complemented with applications and tools that allow for selective confidentiality. This is why we are excited about partnering with SurferMonkey ”.

Miguel Diaz Montiel, CEO of SurgerMonkey, “We believe in the potential of blockchain asset tokenization; however we know that many user cases cannot be exposed to anyone outside theinstitution sending them and regulators. Critical data cannot be exposed to prying eyes. Our collaboration with NYALA highlights how tokenized assets can be privatized on public blockchains.”

Speaking to Lara on the Block, Al Amin Al Bakry, Co-Founder and Chief Strategy Officer at Surfermonkey noted, “We are registered in the ADGM UAE and in the FCA in the United Kingdom. We continuously work with ADGM discussing our technology and how it can be applied to other companies within the ADGM that need to privatize certain transactional flows on the blockchain.”

SurferMonkey employs Zero-Knowledge Proof technology to ensure secure, confidential, and compliant blockchain interactions.

Currently these solutions are being tested in the sandbox in ADGM.