Sui launches beta for confidential transfers on Devnet

Layer 1 blockchain Sui (SUI) announced on June 8 that it has launched a beta version of its confidential transfer feature on its developer testnet, Devnet. According to the announcement, asset transfers using the feature will have their amounts and balances kept private, with limited access rights granted to ensure regulatory compliance and auditability. Sui compared current blockchains to sending money with the amount written on the outside of an envelope for anyone to see. With the new feature, however, the amount inside the envelope remains undisclosed. The sender determines who can view the transaction details, allowing for selective disclosure, the project explained.