Starknet introduces STRK20 privacy token standard

Starknet introduces STRK20, a privacy-focused token standard with compliance features, enabling private stablecoins, swaps, and staking for institutions seeking regulatory alignment.

Starknet has launched the STRK20 token standard, aiming to boost privacy in blockchain transactions while maintaining regulatory compliance. STRK20 embeds privacy features at the token level, concealing details such as sender, receiver, amount, and token type. It also introduces compliance-ready viewing keys, allowing authorized parties to selectively access transaction data for audits or legal requirements. Built on Starknet’s zero-knowledge architecture, STRK20 offers privacy, security, speed, and cost-effectiveness. This makes it appealing to institutions looking to tokenize real-world assets or develop privacy-centric products. The framework supports private transfers, swaps, and staking, aligning with the growing demand for privacy in DeFi. Integration with solutions like EY’s Nightfall enables KYC-compliant private payments and compliance gating. STRK20 positions itself as a robust solution for institutions seeking confidentiality without sacrificing auditability, potentially accelerating institutional adoption of privacy-enabled assets on Starknet.