Hinkal, a blockchain startup with roots in Stanford University and support from Binance’s Most Valuable Builder (MVB) accelerator, has introduced a new crypto wallet designed to make digital transactions completely private. Known as the Invisible Wallet, this tool allows users to engage in decentralized finance (DeFi) activities without leaving a traceable transaction history on the blockchain.
Unlike traditional wallets that publicly record transaction data, Hinkal’s new solution ensures that every action—from token transfers to DeFi operations—remains hidden from public scrutiny. The wallet leverages cutting-edge cryptographic technologies, including zero-knowledge proofs (ZKPs), stealth addresses, and trusted execution environments (TEEs), to mask user activity while maintaining full operability across decentralized apps.
Currently, the Invisible Wallet is compatible with major Ethereum Virtual Machine (EVM) blockchains such as Ethereum, Arbitrum, Polygon, Base, and Optimism. The company intends to broaden support to additional EVM-compatible networks in the near future. Users can interact with the wallet via a secure browser extension, granting them access to DeFi platforms without compromising transactional privacy.
Georgi Koreli, co-founder and CEO of Hinkal, emphasized the importance of privacy in financial interactions: “People wouldn’t show their bank statements to strangers, and there’s no reason they should be forced to expose their crypto transactions either. Privacy is a fundamental right, and our technology ensures that right is preserved in the digital world.”
The launch of the Invisible Wallet comes at a time of increasing concern over the transparency of blockchain transactions. In the first half of this year alone, over $2.17 billion in digital assets were stolen, much of it due to the traceability of wallet addresses and transaction histories on public blockchains. With more users becoming targets of phishing attacks and wallet drainers, the demand for privacy-oriented solutions has surged.
Hinkal’s approach aligns with a broader movement in the crypto space toward privacy and financial confidentiality. Projects like Zcash and Monero have already demonstrated significant user demand for anonymous transaction capabilities. Zcash, for instance, uses zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge), a type of zero-knowledge proof that allows transactions to be validated without revealing any underlying data.
In contrast to these privacy coins, Hinkal’s wallet integrates seamlessly with existing DeFi infrastructure rather than creating a separate ecosystem. This means users can continue to use popular decentralized applications (dApps) while ensuring their activity is shielded from public view.
Beyond individual use, Hinkal’s technology holds potential appeal for institutional investors and trading firms, who often require confidentiality to protect trading strategies and proprietary data. By anonymizing transaction flows, Hinkal can help firms avoid frontrunning and other forms of market exploitation that arise from visible on-chain activity.
Moreover, regulatory concerns around financial privacy are evolving. While complete anonymity might raise red flags for compliance, Hinkal’s use of zero-knowledge proofs offers a middle ground. These technologies allow users to prove compliance with rules without revealing specific transactional details — a concept known as “selective disclosure.” This framework may offer a compliant path forward for privacy-preserving blockchain tools.
The Invisible Wallet also addresses concerns about user experience. Historically, privacy-focused tools have been criticized for their complexity and lack of ease-of-use. Hinkal aims to counter this by offering a sleek, intuitive interface that integrates directly with browsers, removing technical barriers for everyday users.
Security is another cornerstone of the product. By leveraging TEEs—secure areas within a device’s processor—Hinkal ensures that sensitive operations are performed in a protected environment, even on potentially compromised systems. This hardware-level security adds another dimension to the wallet’s privacy features.
Looking ahead, Hinkal plans to roll out additional features, including anonymous staking, private swaps, and shielded liquidity provision. These upgrades aim to make the Invisible Wallet not just a privacy layer, but a comprehensive tool for private DeFi participation.
The rise of privacy-enhancing technologies (PETs) like Hinkal’s wallet represents a critical evolution in the blockchain space. As Web3 continues to mature, user expectations are shifting toward greater control, confidentiality, and security. With regulators, developers, and investors increasingly recognizing the value of privacy, innovations like the Invisible Wallet signal a new phase of decentralized finance—one where transparency and privacy can coexist through advanced cryptography.
In the long term, the success of Hinkal and similar projects could reshape the way financial systems operate on the blockchain. By eliminating the trade-offs between privacy and usability, they pave the way for mass adoption among both retail and institutional participants.
For users who are concerned about exposing their financial activities or becoming targets of cybercrime, Hinkal offers a compelling alternative. As privacy becomes a central theme in the next wave of crypto development, tools like the Invisible Wallet may become a default choice for secure, anonymous, and compliant blockchain engagement.