Provable
Provable is the confidential financial infrastructure company behind Aleo
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This content is generated by RD AI and is for reference only
Provable is a Web3 company focused on building confidential and compliant financial infrastructure, and the core team behind the Aleo blockchain. Its products include Shield Wallet and Shield Swap for private asset management and non-custodial trading. Users leverage zero-knowledge proofs to encrypt transaction amounts, account balances, and other data, while selectively disclosing information via view keys. The infrastructure supports private transfers of stablecoins and various digital assets while maintaining on-chain auditability for institutional compliance.
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About Provable
Provable is the development team behind the Aleo blockchain, focused on privacy-preserving applications built on zero-knowledge proofs. Its core business includes the Shield wallet for managing confidential assets and Shield Swap, a private trading venue. The main value proposition is enabling encrypted transactions (balances, amounts, sender/receiver) while remaining verifiable through cryptography, with selective disclosure via view keys for compliance.
The market pain point addressed is the inherent transparency of public blockchains, which exposes financial activity. Provable solves this by offering confidential transactions that still allow auditability when needed, bridging the gap between privacy and regulatory requirements.
In the past six months (March to September 2026), Shield Swap opened early access in August 2026, supporting USDCx (a confidential dollar stablecoin) and other wrapped assets. The platform emphasizes non-custodial control and compliance-friendly features. A notable negative development: Aleo's mainnet launch faced multiple delays prior to this period, which affected ecosystem confidence, though no major incidents were reported in the last six months.
Provable, the team behind Aleo, has progressed through several key milestones. Initially, Aleo launched as a Layer-1 blockchain powered by zero-knowledge cryptography, establishing the foundation for private and compliant digital asset infrastructure.
A significant step was the introduction of Shield Wallet, a non-custodial, privacy-first wallet designed for confidential stablecoin transactions on Aleo. This marked the transition from core protocol development to user-facing applications.
Another major milestone was the early access release of Shield Swap, a non-custodial institutional trading venue built for compliance. It introduced selective disclosure features, allowing participants to share required information without exposing entire financial histories, bridging privacy with regulatory needs.
Additionally, the collaboration with Google Cloud integrated Aleo's blockchain data into BigQuery, enhancing accessibility for developers and analysts. These developments collectively represent Provable's evolution from protocol research to a comprehensive ecosystem supporting confidential, compliant financial markets.
Provable (formerly Aleo) has made significant strides in H1 2026. In March, it completed the acquisition of Leo Wallet, rebranding it as Shield Wallet, which now supports private stablecoins USDCx and USAD. On August 17, 2026, Provable launched early access to Shield Swap, a non-custodial, confidential trading venue built for institutional compliance. The platform uses zero-knowledge proofs to keep trade amounts, wallet balances, and transaction histories private, while maintaining public auditability of reserves and prices. Key partnerships include Circle, Paxos, TRM Labs, and Coinbase, enabling fiat on/off ramps and compliance tools. Future roadmap focuses on the full public launch of Shield Swap in Q4 2026, expanding cross-chain bridges (Ethereum, Bitcoin, Base), and integrating more institutional-grade compliance features such as selective disclosure and audit trails. Provable aims to become the default privacy layer for compliant digital asset trading.
Howard Wu (Co-founder & CEO): Graduated from UC Berkeley with a Master's in Electrical Engineering and Computer Sciences and a Bachelor's in Computer Science and Applied Mathematics. Previously worked at Meta and Google. Founded Provable in 2019, leading development of privacy-focused tools like Shield Wallet and Shield Swap on Aleo.
Raymond Chu (Co-founder): UC Berkeley graduate, passionate about blockchain. Co-founded Provable in 2019, currently serves as Co-founder. Previously advised Blockchain at Berkeley and held engineering internships at Amazon, IBM, and others.