Following its new layer-2 launch, Payy CEO Sid Gandhi said the project is helping traditional finance institutions feel more comfortable moving capital onchain while keeping financial data private. “Nearly every bank, fintech, and enterprise is telling us the same thing: They cannot move real capital flows onchain if their financial data is exposed to the world,” Gandhi said.

The Payy Network automatically routes wallet transactions through private ERC-20 pools, keeping counterparties hidden, while still allowing interactions with DeFi apps and smart contracts. The network complements Payy’s privacy-focused wallet and crypto banking card, which has grown to 100,000 users since mid-2025.

Payy’s offering joins other Ethereum privacy solutions, like Aztec Network and Railgun, but aims to simplify privacy management, avoiding the need to juggle multiple wallets or protocols.