Traditional finance is choosing its infrastructure. Right now. In real-time.
And according to Deloitte’s latest report on semi-liquid funds - a $4 trillion market opportunity- they're choosing our tech stack: Privado ID.
In a comprehensive analysis of how tokenization will reshape private markets, Deloitte specifically named Privado ID as a solution for privacy-preserving KYC and AML compliance in tokenized finance.
This isn’t just a mention. It’s institutional validation of what we’ve been building.
The $4 Trillion Shift
Here’s what’s happening:
Traditional finance is unlocking private markets for everyday investors through semi-liquid funds. Think private equity, private credit, and alternative assets that have been institutional-only for decades.
Right now, retail investors can only invest in 8,274 public companies globally. But there are 231,124 private companieswith real growth potential—completely out of reach unless you're already wealthy.
Semi-liquid funds are changing that. But there's a bottleneck: identity infrastructure.
The infrastructure needs to verify humans are real, ensure compliance with KYC/AML regulations, and do it all without creating massive privacy risks. That’s exactly what Billions’ Proof of Humanity was designed to solve.
Why Deloitte Named Us
In their report, Deloitte wrote:
"Tokenization supports the simplification of know your customer and anti-money laundering compliance for semi-liquid funds using reusable decentralized identity management solutions. Some examples of such solutions include those offered by zkMe, cheqd, and Privado ID."
Translation: The future of tokenized finance needs:
- Privacy-preserving KYC that doesn’t create data honeypots
- Reusable credentials that work across platforms
- Zero-knowledge infrastructure that proves compliance without exposing data
Privado ID (formerly Polygon ID) provides exactly that.
What This Means for Billions
This validation matters because it shows the convergence happening right now between Web3 identity infrastructure and traditional finance.
For years, we've been saying:
- Verify once, prove everywhere
- Privacy isn't a tradeoff—it’s the product
- Zero-knowledge proofs are the future of compliance
Now, institutions are saying it too.
Deloitte’s report makes it clear: the identity layer for tokenized finance will be built on privacy-first, reusable credentials. And Billions’ tech stack - Privado ID - is already powering that future.
The Bigger Picture
This isn’t just about semi-liquid funds. It's about who builds the trust layer for the next iteration of the internet.
As traditional finance moves on-chain, they need infrastructure that:
- Protects user privacy through zero-knowledge cryptography
- Ensures regulatory compliance
- Scales globally without friction
- Works across platforms and protocols
That’s what we've been building. Mobile-first. Privacy-first. Human and AI verified.
Built on Circom, Trusted by Institutions
Privado ID is built on the same zero-knowledge framework (Circom) that secures:
- 🏦 HSBC and Deutsche Bank
- 🌐 Major blockchain ecosystems like Scroll and Polygon
- 📱 Over 150 million users globally
The iden3 protocol that powers Privado ID was one of the first to pioneer ZK for on-chain identity back in 2018. Now, it’s being recognized as critical infrastructure for the tokenization of traditional finance.
What’s Next
The report Deloitte published isn’t just analysis - it’s a roadmap for where traditional finance is headed.
And the infrastructure they’re pointing to? We’ve already built it.
As semi-liquid funds grow from $122 billion today to a projected $4.1 trillion by 2030, the identity layer enabling that growth will be built on privacy-preserving, zero-knowledge technology.
Billions is ready.
Source: Deloitte Insights - "Semi-liquid funds: A US$4 trillion opportunity for traditional and alternative investment managers" (September 2025)
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About Billions Network
Billions is the first Human and AI network, built on mobile-first, privacy-preserving technology to scale trust in the age of AI. Created by the founders of Disco.xyz, Hermez and Polygon, Billions tech powers over 9,000 zero knowledge and identity projects, including Sentient, Tiktok, HSBC and the Indian Government.
💚 Join the first universal human and AI network: https://signup.billions.network/
About Privado ID
Privado ID (formerly Polygon ID) is the leading privacy-preserving identity protocol built on zero-knowledge proofs. It enables reusable, verifiable credentials for KYC, proof of humanity, and compliance - without compromising user privacy. Privado ID is the identity infrastructure powering Billions Network.
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