PANews reported on April 22 that, according to Decrypt, OP Labs announced the launch of Privacy Boost, a privacy product initially deployed on the OP mainnet (formerly Optimism), aiming to attract more enterprises to the Ethereum ecosystem. This product, serving as a software development kit and API, supports private transfers and discreet interaction with DeFi applications while meeting regulatory requirements. Privacy Boost supports self-custody through zero-knowledge proofs and leverages a trusted execution environment for fast, private transactions, and can be customized to meet enterprise KYC rules and audit requirements.

The co-founder of OP Labs stated that compliance issues have consistently hindered traditional financial institutions from adopting blockchain technology, and privacy is not an optional feature but a prerequisite for mainstream adoption. Privacy Boost is expected to expand to more blockchains in the coming weeks.