Zama brings privacy token to Revolut's 70 million users

Zama listed its ZAMA token on Revolut across the European Economic Area on Monday, opening the blockchain-privacy protocol's token to the fintech's 70 million-plus customers.

"Privacy is something people expect everywhere else in their financial lives, but onchain they simply haven't been able to have it," Rand Hindi, Zama's co-founder and chief executive, said.

The listing puts ZAMA in front of more than 15 million Revolut users who already trade crypto on the platform. Existing customers can buy and hold the token without opening a new account or completing additional identity checks, with trading fees starting at zero in the main app. Revolut, which bills itself as the only banking app in the EEA offering onchain crypto transfers, will also let users withdraw ZAMA to a self-custody wallet.

Zama builds confidentiality tools using fully homomorphic encryption, a technique that keeps balances, transactions and positions encrypted on public blockchains such as Ethereum without routing them through a separate privacy chain. The company casts the approach as blockchain's "HTTPS moment" — the point at which privacy shifts from optional to default.

The listing follows a run of production deployments that moved Zama's technology past the research stage. Zama launched ZAMA in February after a sealed-bid Dutch auction that shielded more than $121 million on Ethereum, the first large-scale production use of the encryption method on mainnet. The protocol now spans confidential lending, real-world asset tokenization and institutional token operations.

Zama partnered with Morpho and Steakhouse Financial in June to launch a confidential DeFi yield vault on Ethereum, and acquired TokenOps in May to bring encrypted token distributions to institutional issuers. ZAMA changed hands around $0.04 as of Aug. 11, The Block's price page shows.

The Revolut listing marks one of the largest retail distribution channels for a privacy-focused token to date, giving Zama direct access to a user base that spans banking, payments and crypto across the EEA. Revolut secured a Markets in Crypto-Assets license from the Cyprus Securities and Exchange Commission in October 2025, granting passportable access to 30 EEA markets.

This article is for informational purposes only and does not constitute investment advice.