Encrypted SPL Tokens

What are Encrypted SPL Tokens?

When you hold or send SPL tokens, everything is public:

How much you hold
Who you send to
When you send it

Encrypted SPL Tokens (eTokens) are the same tokens, but wrapped inside Encifher’s privacy engine. This means:

Your balances are hidden from the out side world - only you can see your balance.
Your transfers are private - no one knows to whom you are sending through us.
You still use them like normal SPL tokens

Think of them like private versions of USDC, SOL, or BONK.

Why use Encrypted SPL Tokens?

Hide your wallet balance → No one can track your holdings.
Private transfers → Send to anyone without exposing addresses or amounts.
Safer trading → Bots and copy-traders can’t front-run your moves.

How do they work?

Wrap – You lock normal tokens (like 100 USDC) into Encifher.
Get eTokens – You now hold 100 eUSDC (encrypted USDC).
Use Privately – Send, swap, or pay with eUSDC without revealing details.
Unwrap – At any time, you can convert back to normal USDC.

Example

Alice wraps 500 USDC → gets 500 eUSDC.
Alice sends 200 eUSDC privately to Bob.
Bob unwraps 200 eUSDC → gets 200 normal USDC in his wallet.

To the outside world: nobody saw that Alice paid Bob 200 USDC.

Which tokens can I encrypt?

Theoretically you can encrypt any token, as its a simple mint and burn mechanism. When you transfer tokens to encrypted asset program on-chain you get equivalent amount of encrypted assets.

Currently we recommend to wrap only blue chip assets as those have the biggest anonymity set and you will get the maximum privacy guarantees.

👉 Get started: Wrap your tokens into encrypted versions at encrypt.trade