Mysten unveils Tessera, a confidential B2B settlement network built on Sui

Mysten Labs, the company behind the Sui Layer-1 blockchain, has introduced Tessera, a confidential settlement network designed specifically for business-to-business invoice payments. The network restricts access to KYC-verified members, essentially creating a walled garden where companies can settle payments privately while still meeting compliance requirements. What Tessera actually does At its core, Tessera is a settlement layer that lets businesses pay invoices to each other with confidentiality baked into the protocol. The KYC-gating means every participant has been identity-verified before they can transact, which addresses one of the biggest friction points enterprises face when considering blockchain rails: the tension between transparency and privacy. Tessera attempts to solve this by keeping transaction details confidential among verified participants while still leveraging the settlement guarantees of the underlying Sui network. The product fits neatly alongside Mysten’s existing Seal protocol, which provides on-chain encryption and access control capabilities. Mysten’s enterprise ambitions Mysten Labs was founded in 2021 by former Meta engineers who had worked on the ill...