Introducing the COTI Memorandum
The Case for Private Programmable Money

Today, COTI publishes its memorandum, setting out the thesis behind COTI 2.0, and the plan to make private programmable money the global standard.
> http://coti.io/memorandum

1. The Thesis
COTI is the protocol for private programmable money.

Privacy has been the defining sector of this cycle. It was the best performing sector of 2025 and has led the market through 2026.
The greatest performing assets of the past year fit into this sector.

Private programmable money is at the cross-section of public blockchains and private finance; it’s a culmination of the openness of the blockchain with the confidentiality money has always needed.

2. Understanding Private Programmable Money
Private programmable money is a market economy in which participants hold, send and build with money on public blockchains, without exposing their balances or payments.

Stablecoins are the clearest example of the opportunity. They brought the world’s most used currency on-chain, for anyone to hold and send. But almost every one of those dollars sits on a public ledger.

Private programmable money is the defining point in bringing that market to the people, in a frame where their money stays theirs to see.

3. A Protocol for Private Money
There have been a number of privacy products already, namely Zcash and Monero. Both have been built on their native chains. This thwarts what privacy can be used for, boosts the cost of building with it, and divides the privacy market across a dotted range of separate coins.

COTI is addressing the privacy market’s biggest bottleneck and expense driver. Its Privacy-on-Demand SDK is usable by third parties to build privacy into apps on the chains they already run on, starting with Avalanche, with major blockchains to follow.

4. Taking the Lead with Interphase
The flagship app on the COTI protocol is Interphase, and it’s designed to achieve a number of goals: (1) be a dominant privacy app from the get-go, (2) onramp a mass of retail users to private, compliant transfers across 30+ chains, and (3) build a massive network of wallets, DEXs, bridges, payment apps and marketplaces as integration partners.

5. Closing Points
COTI is creating a private financial network for the stablecoin economy. It is the next joint frontier in the privacy and stablecoin market, and an embodiment of the confidentiality of banking tied with the openness of the blockchain.

The full memorandum is live now.
http://coti.io/memorandum