Aztec Labs

Aztec Labs

Privacy-focused Layer 2 zk-rollup on Ethereum

Overview

Aztec Labs builds privacy-focused applications and infrastructure on Ethereum using Layer 2 zk-rollup to scale while keeping data private. It bundles transactions off-chain and uses zero-knowledge proofs to encrypt data, enabling private interactions with dApps and allowing smart contracts to have both private and public functions, with Noir as its programming language for zero-knowledge programs. The company differentiates itself through programmable privacy, a hybrid privacy model, and an aim for a decentralized, general-use private smart-contract platform, supported by open-source foundations and community governance, plus the ZKPassport identity layer via its Obsidion Labs acquisition. Its goal is to provide a scalable, privacy-preserving Ethereum experience for developers and users, enabling confidential DeFi and other private transactions while remaining connected to the public Ethereum ecosystem.

About Aztec Labs

Simplify's Rating
Why Aztec Labs is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Fintech

Cybersecurity

Crypto & Web3

Company Size

11-50

Company Stage

N/A

Total Funding

N/A

Headquarters

London, United Kingdom

Founded

2017

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Simplify's Take

What believers are saying

  • Alpha V5 cut private transfer proving times over 2x and fees near $0.05.
  • 17,000 token-sale participants used ZKPassport, proving real demand for private verification.
  • Aztec’s $125 million war chest supports hiring, audits, and ecosystem expansion through 2027.

What critics are saying

  • June 2026 legacy-contract exploits stole about $4 million, damaging trust in Aztec security.
  • Alpha V5 remains in alpha; unresolved bugs can stall adoption before 2027.
  • Ethereum privacy rivals like Polygon and zkSync can outspend Aztec on ecosystem growth.

What makes Aztec Labs unique

  • Alpha V5 launched July 2026 with private smart contracts and client-side proving.
  • Noir and PLONK create a developer stack few Ethereum privacy teams match.
  • ZKPassport acquisition links private identity verification to Aztec’s network and EVM chains.

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Benefits

Remote Work Options

Flexible Work Hours

Paid Vacation

Company News

Crypto Briefing
May 27th, 2026
Aztec Labs acquires Obsidion, keeps ZKPassport identity protocol open-source

Aztec Labs, the team behind Ethereum's programmable privacy Layer 2, has acquired Obsidion and committed to keeping the ZKPassport protocol and its iOS application open-source. ZKPassport uses zero-knowledge proofs to verify user identity through government-issued IDs without exposing sensitive data. The protocol addresses Sybil attacks by confirming users are real individuals whilst preserving privacy. It has been integrated into Aztec's testnet since June 2025 and was used during the project's November 2025 token sale, which raised approximately $59–61 million at an initial fully diluted valuation of around $350 million. Obsidion operates as a wallet for private payments on Aztec's network. The acquisition consolidates Aztec's identity and payment infrastructure, creating a more vertically integrated stack for privacy-preserving blockchain applications.

SiliconANGLE Media
May 27th, 2026
Aztec Labs acquires ZKPassport maker Obsidion as age verification pressure mounts.

Aztec Labs acquires ZKPassport maker Obsidion as age verification pressure mounts. Blockchain privacy company Aztec Labs Ltd. announced today that it has acquired Obsidion Labs Ltd., the British startup behind zero-knowledge identity protocol ZKPassport. The deal comes as governments in the U.K., Australia and parts of the U.S. move to force online platforms to verify user ages without giving them a workable way to do it. Terms were not disclosed. ZKPassport lets a user prove a single attribute, age, nationality or sanctions status, by reading the near-field communication chip inside their passport or national ID card. Nothing leaves the phone. The platform receiving the proof learns only what it asked, not the underlying document data and the protocol covers IDs from more than 130 countries. The model cuts against how most identity verification works today, which is to ship a scan of someone's passport to a third-party vendor and hope it stays there. It usually doesn't. The Identity Theft Resource Center counted 780 data compromises in the first quarter of 2026 alone, exposing personal information belonging to almost 140 million people. "The Obsidion team has built something rare: a privacy product that meets real-world verification requirements without exposing user data," said Aztec Labs Chief Executive Joe Andrews. "Proving attributes without revealing personal data is what verification infrastructure should look like everywhere, especially with the growing desire from governments to implement age verification standards online." Obsidion co-founders Michael Elliot and Theo Madzou will join Aztec Labs along with the rest of the team. They will continue developing ZKPassport while leading new consumer product initiatives within the studio. "Every identity verification system built today requires users to surrender personal data to a centralized service and trust that it will never be misused or breached," Elliot said. "That model has failed repeatedly and regulatory frameworks are forcing the industry to find a better answer. ZKPassport solves this by letting users prove only what's required, without exposing the underlying personal data." Aztec Labs said it will continue to maintain the ZKPassport protocol and iOS mobile app as open-source projects and will build additional tools to make integration easier for outside developers. ZKPassport proofs can be verified in-browser and server-side for non-blockchain use cases or on the Aztec Network, Ethereum or any Ethereum Virtual Machine-compatible chain. The company, which was spun out of the team that built the Aztec Network, a Layer 2 blockchain on Ethereum that handles transactions privately, has raised $125 million. That included a $100 million Series B round in December 2022 that was led by a16z crypto and Paradigm. Image: ZKPassport. A message from John Furrier, co-founder of SiliconANGLE: Support its mission to keep content open and free by engaging with theCUBE community. Join theCUBE's Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities. * 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more * 11.4k+ theCUBE alumni - Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network. About SiliconANGLE Media SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios - with flagship locations in Silicon Valley and the New York Stock Exchange - SiliconANGLE Media operates at the intersection of media, technology and AI. Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Its new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.

The Block
May 27th, 2026
Aztec Labs acquires ZKPassport, vows to keep privacy protocol and iOS app open-source

Aztec Labs has acquired ZKPassport, committing to maintain the privacy protocol and iOS mobile app as open-source. The Obsidion team, including co-founders Michael Elliot and Theo Madzou, will join Aztec Labs to continue developing ZKPassport. The acquisition will allow the team to advance the privacy-focused passport verification technology whilst preserving its open-source nature, ensuring transparency and accessibility for developers and users. Financial terms of the deal were not disclosed.

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