Private rails for onchain assets.

Bermuda is a drop-in privacy and compliance layer for wallets, institutions and any EVM app, with every transfer screened against issuer policy. No contract changes, no new chain.

Investors Gnosis VC Arche Capital
Angels from Kraken Safe European Ethereum Institute
01 — The problem

The money is onchain.
Compliant privacy is not.

The rails are live, and every transfer on them is public. Privacy demand is surging, regulation now demands policy. Nobody serves all three.

$308B+
Stablecoins onchain
$4.5B+
Shielded volume, 2× YoY
2027
EU AMLR restricts non-compliant privacy
02 — The layer

One drop-in layer between apps and chains.

Any app plugs in, issuers set the policy, and Bermuda makes every transaction private and compliant on any EVM chain. Privacy that passes compliance, not privacy that evades it.

Issuers & assets
Set policy
Stablecoins · RWAs · deposits
Privacy

Shielded accounts

A parallel private account for every address. Balances and history invisible to observers, verified in zero knowledge.

Unlinkability

Stealth addresses

Fresh, unlinkable addresses for DeFi, settlement and transfers. No observer can correlate activity.

Policy

Policy engine

Issuer-defined rules — AML, sanctions, eligibility, geography — enforced on every transfer. Compliance as code.

Settlement

Atomic settlement

Two assets change hands across chains in one step. Both legs settle or both refund.

Privacy, compliance and settlement, on the open EVM surface where liquidity already lives.

03 — Compliance by construction

Screened at entry. Proven at every step.

Every transfer proves the issuer's policy before it clears, and only those entitled can ever see the details.

01

Screened

Funds are checked against issuer policy before they enter.

02

Proven

Every transfer proves the rules in zero knowledge.

03

Provenance

History travels with the asset. No central database.

04

Disclosed

Auditors see exactly what they are entitled to, nothing more.

04 — Built for both sides

Issuers set policy. Integrators distribute it.

One side adds users, the other adds assets. Each new integration compounds the shared privacy pool.

For wallets & neobanks

Ship privacy as a feature, not a project.

One integration unlocks every issuer's assets plus compliant on and off-ramps. Ship privacy in weeks, with no compliance stack to build.

For issuers

Bring policy-bound assets onchain.

Define rules once; Bermuda enforces them in every integrated wallet. Each new integrator is distribution: more users who can hold your asset, under your policy.

For developers

Drop it in. Ship in days.

One SDK gives any EVM app shielded accounts, stealth addresses and policy-checked transfers. Drop it into any EVM chain.

Smart-account native

Works with Safe multisig, passkey wallets and any EOA signer.

Gasless by default

Users never need a native gas token. Transactions are sponsored or relayed.

import init from '@bermuda/sdk'

const sdk = init('base')

// shielded account
const account = await sdk.account({ signer })

// shield funds into the private pool
const deposit = await sdk.deposit({
  signer, token: sdk.config.USDC,
  amount: 2_500_000_000n, to: account.address(),
})
await sdk.relay(deposit)

// private, gasless transfer
const tx = await sdk.transfer({
  spender: account, token: sdk.config.USDC,
  amount: 1_000_000_000n, to: recipient,
})
await sdk.relay(tx)

Also built forSmart accounts · Stablecoin neobanks · L2s · Payroll · On/off ramps · Payment providers · Treasuries & DAOs

05 — For institutions

Institutional rails, private by default.

Atomic settlement is just the start. Bermuda also handles repo and OTC, account recovery, and confidential DeFi execution, all private and policy-bound.

Leg A · AssetChain A
Leg B · CashChain B

Both legs settle together or both refund. No custodian or clearing house ever holds a leg.

DvP · PvP · DvD. Asset-for-cash, cash-for-cash, asset-for-asset. Settle a security or RWA against a stablecoin, deposit or CBDC.

Trading

Repo & OTC swaps

Bilateral repo and OTC, settled atomically. Size and counterparty stay confidential.

Custody

Account recovery

Recover account access through policy, without exposing balances or history.

Execution

Confidential DeFi

Lend, swap and execute strategies onchain, private and within issuer policy.

Contact

Bring compliant privacy
to your stack.

We are integrating with wallets, neobanks and issuers now. If you move regulated value onchain, talk to us.