Veil has already processed more than $600,000 in private deposits, according to the announcement, positioning itself as Base's privacy layer. The ZK-based protocol offers ETH and USDC pools, private tokenized stocks, and non-custodial infrastructure for verified users. Founder @apex_ether said Veil was built because Base lacked a practical, non-custodial privacy solution, describing privacy as a human right that must be delivered responsibly with compliance built in rather than added later. The announcement frames the approach as privacy that is compliant by design and does not sacrifice transparency or user control.

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