Namada blockchain completes mainnet rollout for composable privacy layer as native token set to begin trading

Cosmos-based Namada has completed the final phase of its mainnet launch, introducing a system designed to bring "privacy as a service" to decentralized applications, assets, and blockchains.

Namada operates as a privacy-focused Layer 1 blockchain within the Cosmos ecosystem. The network's core feature — composable privacy — enables the addition of privacy capabilities to other chains and applications.

The mainnet completion coincides with Namada’s free-market token distribution, making its native NAM token liquid. Trading is set to begin this week as exchanges start listing the token.

The Anoma Foundation, the organization that developed the project, has raised $60 million to date from investors, including Polychain Capital and CMCC.

Central to Namada’s offering is its ‘multi-asset shielded pool,’ which enables users to conceal their asset holdings within a zero-knowledge circuit and engage privately with decentralized exchanges.

The network is preparing for several integrations that would expand its cross-chain reach. Plans are underway for Bitcoin support via Lombard and Babylon, as well as Ethereum and Solana through cross-chain bridges, shielded swaps on Osmosis, and compatibility with stablecoins and DeFi tokens.

With shielded actions, users will be able to conduct activities such as DeFi interactions, gaming, and payments within a unified interface. For example, shielded swaps on Osmosis will enable cross-chain asset swaps to occur with a single click, thereby limiting the exposure of transaction data.