Primus secures YZi Labs investment as Confidential Vault goes live on BNB Chain

Primus, an onchain financial privacy infrastructure project, said it has received an investment from YZi Labs to support its ongoing work in financial privacy infrastructure for onchain use. The company also thanked both YZi Labs and EASYResidency for their investment, support, and trust. At the product level, Primus said its Confidential Vault is now live on BNB Chain. According to the announcement, the vault uses fully homomorphic encryption, or FHE, to offer private asset transfers and yield functions for onchain finance. The update ties new funding to a live deployment, with Primus presenting both the investment news and the BNB Chain launch in the same announcement.