nyaquo — Institutional derivatives, privately settled

Derivatives,
privatelysettled.

Cryptography
fhEVM
Information Leakage
0 bytes
Settlement
Atomic
Margin
Cross-portfolio
Fully Homomorphic EncryptionZero-Knowledge ProofsConfidential OrderbookEncrypted NettingDark Pool SettlementEncrypted Volatility SurfaceBlind RFQOblivious Smart ContractsOn-Chain PrivacyInstitutional DeFiFully Homomorphic EncryptionZero-Knowledge ProofsConfidential OrderbookEncrypted NettingDark Pool SettlementEncrypted Volatility SurfaceBlind RFQOblivious Smart ContractsOn-Chain PrivacyInstitutional DeFi
§ The Protocol

Threeprimitives.
Oneprivatemarket.

01 / 03Confidential RFQ
Quote without exposure.

Quote without exposure.

Strike, size, and direction stay sealed inside an encrypted envelope. Counterparties match on commitments, not contents — only the cleared trade ever surfaces.

  • Pedersen commitments
  • zk-SNARK validity
  • Sealed-bid match
02 / 03OTC-grade execution
Bilateral, on-chain.

Bilateral, on-chain.

Multi-leg structures — collars, risk reversals, calendars — priced and settled with the desk-quality of a TradFi voice broker, with the finality of a block.

  • Multi-leg pricing
  • Atomic settlement
  • Auditable receipts
03 / 03Portfolio margining
Risk you can prove.

Risk you can prove.

Collateral evaluated across positions without disclosing them. Cross-margin offsets release capital while a zero-knowledge solvency proof keeps the book private.

  • Cross-position offset
  • ZK solvency proof
  • 30%+ capital release
§ Flow of a private trade

Three steps.
Nothing leaks between them.

From quote request to settled position, every value the desk cares about travels through the protocol as a commitment — not a number. Move through the stages to see what is, and isn't, visible.

Live · what the chain sees
payload.rfq.json
instrumentBTC-30JUN-CALL
strike●●●●●●●
size●●●●●
commitment0x7a39··c1e4
validityzk-snark · ok
§ The numbers

What the desk
actually gains.

Engineered from first principles to provide privacy, without sacrificing composability or execution speed.

01
Capital efficiency
Cross-portfolio margin offsets.
Encrypted
02
Settlement finality
Atomic, on-chain execution.
Block
03
Information leakage
Pre-trade observable to chain.
0 bytes
04
Counterparty risk
Unilateral default exposure.
Eliminated
05
Audit trail
Cryptographically verifiable history.
Per-trade
§ Research

Fieldnotes.

View archive →
Why a private orderbook beats a private rollup.
SGL—002Draft

Why a private orderbook beats a private rollup.

Confidentiality at the matching layer — not the chain layer — preserves the auditability and finality institutions actually want.

nyaquo Researchnyaquo Research
Read →
Encrypted Position Netting.
Capital EfficiencyDraft

Encrypted Position Netting.

Cross-portfolio offsets computed via encrypted addition and subtraction, enforcing the correct capital margin without ever learning the individual positions or strikes.

Nyaquo ResearchNyaquo Research
Read →
§ Institutional Access

Trade what
no one else sees.

Institutional onboarding is invitation-only. Submit a desk contact and our protocol team will reach out within one trading day.

Application data encrypted client-side.