A unified treasury API for Stellar — shield it on-chain, decrypt it internally, reconcile it automatically, and hand accounting a receipt that looks like Stripe's.
🔐 Trexure is a unified treasury API for Stellar that turns a privacy-shielded on-chain payment into an accountant-ready receipt. It shields a payroll batch or vendor payout on the public ledger (no sender, recipient, or amount — only a ZK commitment), lets only the paying company decrypt the payload server-side with its own view key, and auto-reconciles the on-chain leg against the fiat payout into a Stripe-style receipt 🧾 that drops straight into QuickBooks.
💡 Why it matters for Stellar: public-by-default rails are a non-starter for corporate finance, but existing privacy tools overshoot — a shielded payment becomes opaque to the company's own finance and compliance teams, who still need to prove "on-chain hash X produced bank deposit Y" for audit and AML/KYC. Trexure closes that gap — private on the outside, fully reconciled and reportable on the inside — unlocking compliant, privacy-preserving business payments on Stellar.
| Links | 🌐 trexure.xyz (website) · 🚀 app.trexure.xyz (live testnet app) · 🎬 Demo video · 📑 Pitch deck |
| Stage | Live on Stellar testnet — real Groth16 on-chain verification + real shielded_transfer txs; full reconciliation → receipt spine; self-serve signup. Fiat anchor is a Mock Anchor (drop-in for a real SEP anchor); on-chain leg is a commitment recorder (not yet value-moving). See Current state. |
| License | MIT |
A Stellar payment is either fully public (any competitor scraping the ledger can see sender, recipient, and amount) or, once routed through a ZK privacy pool, opaque to everyone — including the paying company's own finance team, who still need to prove "on-chain hash X produced bank deposit Y" for AML/KYC and bookkeeping. Existing privacy tooling proves a payment happened without revealing who/how much; it doesn't reconcile that proof against the real-world fiat leg or turn it into something an accountant or QuickBooks can use. Trexure exists to close that gap.
Trexure's aim is a Stellar-native, ZK-private, auto-reconciling treasury layer that abstracts the blockchain away entirely for finance teams. The build order puts the reconciliation + receipt "spine" first and rock-solid, treats the ZK shield/decrypt layer as the differentiator, and layers on polish (replay mode, audit log, admin console, export) last. A built-in Mock Anchor stands in for a real fiat provider (such as Xendit) that can be swapped in later without changing the webhook contract.
- Companies running Stellar-based payroll/payouts — need privacy from competitors on a public ledger while still reconciling and reporting internally.
- Finance/accounting teams — need a Stripe-style receipt (FX, fees, slippage, references) instead of raw blockchain data.
- Compliance/AML reviewers — need a way to decrypt a company's own transactions via a controlled view key without exposing them publicly.
- Platform admins / tenant operators — need visibility into webhook events, worker health, and tenant/user management (
/admin/*routes).
Payments & privacy
- Multi-tenant payment creation, listing, and detail views, tenant-scoped per request. New-payment submission is live by default (
ENABLE_NEW_PAYMENTS=true) and submits a realshielded_transfertransaction to Stellar testnet. - Self-serve signup (
/signup,POST /api/auth/signup) provisions a fully isolated tenant — its own view key, anchor config, and a demo-ready sample shielded payment — so anyone can try the full lifecycle without admin intervention. - ZK-shielded payload storage (encrypted payload, nonce, and proof hash on each payment). With
ZK_PROVING=live(the default) each payment'sproofHashis a real Groth16 commitment, so on-chain proof verification works for user-created payments, not just the seed; a clearly-labeled AES-wrap fallback keeps offline/CI runs working and never fakes verification. - Server-side view-key decrypt (
POST /api/payments/[id]/decrypt) — the key is loaded, used, zeroized, and never returned to the client or logged; the action is audit-logged. - On-chain Groth16 proof re-verification (
POST /api/payments/[id]/verify-proof), backed by a real Soroban BLS12-381 pairing check (see Smart Contracts).
Reconciliation
- HMAC-verified fiat webhook ingestion (
POST /api/webhooks/fiat) reading the raw body for signature verification, with idempotency via a(provider, externalId)unique constraint. - BullMQ worker jobs:
watch-onchain(polls Soroban RPC for the payment's contract/topic, with backoff) andreconcile(matches on-chain + fiat legs byintentId, setsSETTLED, generates a receipt). - Retry path:
POST /api/payments/[id]/retry-reconcilere-enqueues reconciliation for aFAILEDpayment.
Receipts
- Stripe-shaped receipt JSON (
GET /api/payments/[id]/receipt) with corridor, amounts, FX, fees, slippage, on-chain and fiat references, and aprivacyblock. - Server-rendered PDF export via signed URL (
GET /api/payments/[id]/receipt/pdf). - Standalone shareable receipt page.
Demo tooling
- Mock Anchor simulates a fiat payout provider and fires the same signed webhook a real anchor would, gated by
ENABLE_MOCK_ANCHOR. - Demo Replay / Demo Reset runs Shield → Decrypt → Reconcile → Receipt against the seeded sample payment.
pnpm zk:demo— generates and verifies a live Groth16 proof on testnet, including a rejected tampered-statement case.pnpm demo:record— scripted Playwright recording of the full lifecycle.pnpm demo:record:hr— records the HR-payroll walkthrough (onboarding → salary advance → non-monetary conversion) todocs/demo/trexure-hr.mp4. The approve-&-pay / salary-run / convert steps settle through the pool rail, so it needsENABLE_POOL_RAIL=trueand a fundedSTELLAR_SOURCE_SECRET.pnpm demo:record:yield— records the Treasury Float Yield walkthrough (dashboard of idle float earning at the effective APY → enable + configure yield → per-position Yield Attribution report with fee/net + CSV/PDF export) todocs/demo/trexure-yield.mp4. Seeds a demo scenario first; needsENABLE_YIELD=true pnpm dev.
Multi-tenant SaaS spine
- Argon2id password auth with anti-enumeration timing and Redis-backed rate limiting.
- httpOnly,
__Host--prefixed session cookies; CSRF double-submit + origin checks on mutating routes. - Strict security headers (CSP with nonces, HSTS,
X-Frame-Options: DENY, etc.). - Tenant-scoped Prisma access, audit logging (
AuditLogmodel), RFC-9457problem+jsonerror responses. - Tenant API keys for programmatic access, plus an admin console for tenants/users/webhook events (
/admin/*).
One Railway project runs two Node services — a Next.js web app and a standalone BullMQ worker — over a shared PostgreSQL 17 and Redis. A single privacy-shielded payment can settle down either of two payout rails:
- Rail B — private fiat payout (live). The on-chain leg is a ZK commitment; a real off-ramp anchor / VASP (in the PH: PDAX; Mock Anchor in the demo) pays the recipient's bank account, and the worker reconciles the on-chain leg against the off-ramp payout by
intentId→SETTLED+ receipt. - Rail A — private on-chain transfer (in build). Real XLM moves through a Soroban
ShieldedPoolto any recipient wallet, with the sender↔recipient link hidden in zero-knowledge. There's no fiat leg to match here — the withdrawal tx is the settlement.
See docs/payment-rails.md for how reconciliation differs across the two rails and the honest privacy/KYC model of each.
flowchart TB
B[Browser · Next.js RSC UI]
subgraph Web["web service (Next.js 16)"]
MW[middleware.ts<br/>session gate + CSP/HSTS]
API["Route handlers<br/>/api/**"]
LIB[lib/* services<br/>zk · payments · reconcile · anchor · pool · crypto · pdf]
end
subgraph Worker["worker service (BullMQ)"]
WON[watch-onchain job]
REC[reconcile job]
end
subgraph Data["shared data"]
PG[(PostgreSQL 17<br/>Prisma 7)]
RED[(Redis<br/>queues · rate limit · idempotency)]
S3[(S3-compatible<br/>MinIO dev / Railway Volume prod)]
end
subgraph Chain["Stellar / Soroban testnet"]
RPC[Soroban RPC + Horizon]
VC["groth16-verifier + shielded_transfer<br/>(Rust/Soroban contract)"]
POOL["ShieldedPool contract<br/>in build"]
end
ANCHOR["Off-ramp anchor / VASP<br/>Mock Anchor today · PDAX (PH) planned"]
WALLET[(Recipient XLM wallet)]
BANK[(Recipient bank account)]
B -->|HTTPS + session cookie| MW --> API --> LIB
LIB -->|Prisma| PG
LIB -->|ioredis| RED
LIB -->|PDF export| S3
LIB -->|submit tx / verify proof| RPC --> VC
API -->|enqueue watch-onchain / reconcile| RED
WON -->|poll getEvents| RPC
WON -->|write OnchainLeg| PG
%% Rail B — private fiat payout (LIVE)
API -->|trigger payout| ANCHOR
ANCHOR -->|HMAC-signed webhook| API
ANCHOR ==>|off-ramp payout| BANK
REC ==>|match on-chain leg + fiat leg by intentId<br/>→ SETTLED + Receipt| PG
%% Rail A — private on-chain transfer (IN BUILD)
LIB -.->|deposit / withdraw + ZK proof| POOL
POOL -.->|pays real XLM · sender↔recipient unlinkable| WALLET
Legend: thick edges (==>) = Rail B — private fiat payout (live; Mock Anchor today, PDAX planned). Dashed edges (-.->) = Rail A — private on-chain transfer (in build).
Rendered architecture diagram (image — Rail B / fiat-payout view)
Note: this rendered image predates the two-rail model and shows Rail B (fiat payout) only; the Mermaid diagram above is the current source of truth.
sequenceDiagram
participant U as User (browser)
participant MW as middleware.ts
participant API as POST /api/auth/login
participant RL as Redis (rate limit)
participant DB as Postgres (Prisma)
U->>API: POST { username, password }
API->>RL: rateLimit(login:ip / login:user)
RL-->>API: allowed / 429
API->>DB: findUnique(User by username)
API->>API: verifyPassword (argon2id)<br/>(dummy hash used if user not found, for uniform timing)
alt invalid credentials
API-->>U: 401 problem+json
else valid credentials
API->>DB: createSession() -> Session row (tokenHash)
API->>DB: AuditLog "auth.login"
API-->>U: 200 { ok: true } + __Host-session cookie
end
Note over U,MW: Subsequent requests carry the session cookie.<br/>middleware.ts checks presence and applies CSP/HSTS headers.
sequenceDiagram
participant U as Tenant user
participant Web as web (route handlers)
participant Stellar as Soroban RPC
participant Worker as worker (BullMQ)
participant Mock as Mock Anchor
participant DB as Postgres
U->>Web: POST /api/payments (create private payment)
Web->>Web: shield() payload, buildAndSubmitPrivatePayment()
Web->>Stellar: submit Soroban tx (intentId as contract-call arg)
Web->>DB: Payment(status=PENDING, encryptedPayload, proofHash)
Web->>Worker: enqueue watch-onchain
Worker->>Stellar: poll getEvents (contract/topic)
Stellar-->>Worker: matching event
Worker->>DB: write OnchainLeg (txHash, ledger)
Worker->>Worker: enqueue reconcile
U->>Web: POST /api/payments/:id/decrypt (apply view key)
Web->>DB: loadViewKey(tenantId), decrypt payload server-side
Web->>DB: AuditLog "viewkey.decrypt"
Web-->>U: decrypted payload (view key never returned)
U->>Web: POST /api/mock-anchor/payout (trigger payout)
Web->>Mock: triggerMockPayout(intentId, amount, ...)
Mock->>Web: POST /api/webhooks/fiat (HMAC-signed payment.completed)
Web->>Web: verifyHmac(rawBody), idempotency check (WebhookEvent)
Web->>DB: upsert FiatLeg (status=RECEIVED)
Web->>Worker: enqueue reconcile
Worker->>DB: load OnchainLeg + FiatLeg by intentId
Worker->>Worker: match amount/refs (tryReconcile)
Worker->>DB: Payment.status=SETTLED, create Receipt (FX, fees, slippage)
U->>Web: GET /api/payments/:id/receipt
Web-->>U: Stripe-ified receipt JSON
sequenceDiagram
participant Worker as watch-onchain job
participant Stellar as Soroban RPC
participant DB as Postgres
participant RJob as reconcile job
loop until match or MAX_WATCH_ATTEMPTS
Worker->>Stellar: getEvents(contract, topic, ledger window)
alt no match yet
Stellar-->>Worker: no matching event
Worker->>Worker: backoff (watchOnchainBackoff)
else match found
Stellar-->>Worker: contract event
Worker->>DB: write OnchainLeg
Worker->>RJob: enqueue reconcile
end
end
alt attempts exhausted
Worker->>DB: Payment.status=FAILED
end
Note over RJob: If Mock Anchor emits payment.failed instead,<br/>/api/webhooks/fiat sets Payment.status=FAILED directly.
RJob->>DB: retry via POST /api/payments/:id/retry-reconcile (user- or replay-triggered)
RJob->>RJob: re-enqueue reconcile, idempotent on (paymentId, legType)
The on-chain component is a single Soroban contract, Groth16Verifier
(zk/verifier/, #![no_std], soroban-sdk = "22", compiled to a cdylib wasm). It
exposes two entrypoints:
| Entrypoint | Purpose |
|---|---|
verify |
Verifies a Groth16 zero-knowledge proof on-chain via a BLS12-381 multi-pairing check (env.crypto().bls12_381()), gating the "proof is real" claim behind actual on-chain cryptography rather than a mock. Real, never mocked. |
shielded_transfer |
Records a payment's commitment on-chain as a contract event (topics=(intentId,), data=commitment) that the watch-onchain worker confirms against. Honest scope: it is a commitment recorder — it anchors the intent + ZK commitment on-chain but does not move tokens and keeps no note/nullifier state. |
verify — the real on-chain ZK check. This is where the "the proof is genuine"
claim is actually enforced by cryptography, using Soroban's native BLS12-381 host
functions (env.crypto().bls12_381()) rather than any application code we could fake.
The client (snarkjs, server-side) produces a Groth16 proof (A, B, C) plus the
public signals, then calls verify with the circuit's verifying key
(vk_alpha, vk_beta, vk_gamma, vk_delta, vk_ic[]) and the proof points. On-chain the contract:
- Recomputes the public-input commitment
vk_x = IC[0] + Σ pubᵢ · IC[i+1]with a G1 multi-scalar-multiply (g1_msm) followed by ag1_add. Public signals are 32-byte big-endian scalars, each< r(the BLS12-381 scalar-field order). - Runs one multi-pairing check —
e(−A, B) · e(alpha, beta) · e(vk_x, gamma) · e(C, delta) == 1— viapairing_checkover the four G1/G2 pairs. The caller pre-negatesA(passesneg_a) so the whole verification collapses into a singlepairing_checkcall, which is the cheapest way to spend Soroban's pairing budget. - Returns
trueiff the product of pairings is the identity, i.e. the proof is valid for that statement. Any tampering with the public signals changesvk_xand the check fails — exercised by the rejected-tampered-statement case inpnpm zk:demo.
The verification logic lives in zk/verifier/src/groth16.rs and is shared with the
in-build ShieldedPool contract (pool.rs, #[cfg(feature = "pool")]) so there's no
second, drifting copy of the pairing check.
shielded_transfer — the commitment recorder. For each shielded payment the
server submits a real testnet transaction calling shielded_transfer(intent_id, amount, source_asset, commitment). The contract deliberately keeps amount and
source_asset out of the event payload (they are already visible as call
arguments in the tx envelope and add nothing to the reconciliation join) and emits a
single event: topics = (intent_id,), data = commitment. The watch-onchain worker
filters Soroban getEvents on exactly that topic to confirm the intent landed
on-chain, then writes the on-chain leg and enqueues reconciliation. It is honest about
its scope: no tokens move and no note/nullifier state is stored — moving real
private value is the roadmap item below.
Trexure and Stellar's June-2026 Confidential Tokens solve different pieces of the privacy puzzle, which is why they're complementary rather than competing:
| Dimension | Trexure (today) | Stellar Confidential Tokens |
|---|---|---|
| Hides the amount | ✅ off-chain (encrypted payload + view key); on-chain only a commitment | ✅ on-chain (encrypted SEP-41 balances/transfer amounts) |
| Hides sender ↔ recipient link | ✅ Rail A shielded pool (in build) | ❌ addresses stay visible |
| On-chain value movement | 🟡 not yet — shielded_transfer records a commitment; Rail B settles the value via fiat off-ramp |
✅ real confidential token transfer |
| Selective disclosure | ✅ per-tenant view key, server-side, audit-logged | 🟡 auditor/decryption keys per the token design |
| Fiat reconciliation → receipt | ✅ core product — matches on-chain + fiat legs into a Stripe-style receipt | ❌ out of scope (settlement primitive only) |
| Crypto primitive | Bespoke Groth16 / BLS12-381 verifier + MiMC circuit | OpenZeppelin contract suite + Nethermind verifier |
| Status | 🟢 Live on Stellar testnet | 🟢 Shipped (June 2026) |
The strongest end state is to build Trexure's shielded pool over a confidential token — hiding who and how much on-chain by reusing the audited OpenZeppelin/Nethermind verifier instead of hand-rolling MiMC + Groth16 — while keeping Trexure's reconciliation, view-key disclosure, and receipt layer on top. That build-vs-reuse decision is part of the on-chain roadmap below.
Roadmap for the on-chain layer: the natural next step is to move real private value, not just anchor a commitment. As of June 2026 Stellar shipped Confidential Tokens (private SEP-41 balances/transfer amounts, via an OpenZeppelin contract suite + Nethermind verifier) and Privacy Pools — both aimed squarely at payroll/treasury. Migrating shielded_transfer onto those primitives replaces the bespoke recorder with real, compliant private value transfer while keeping the same selective-disclosure model.
Every contract below is deployed and exercised on Stellar testnet (network passphrase
Test SDF Network ; September 2015, RPC https://soroban-testnet.stellar.org). Click any
address to browse it on stellar.expert.
| Contract | Address | Rail / role | Entrypoints | Status |
|---|---|---|---|---|
Verifier / shielded_transfer |
CBCYXVZC…VTSG |
Reconciliation rail — on-chain Groth16 (BLS12-381) proof verification + commitment recorder | verify, shielded_transfer |
🟢 Active — every shielded payment records its commitment here |
| ShieldedPool (redeployed) | CCQRSDCM…JONM |
Shielded pool rail — Tornado-style depth-4 Merkle tree (16-leaf anonymity set) + nullifier set, in-contract Groth16, custodies native XLM | initialize, deposit, withdraw, get_root, is_spent |
🟢 Active when ENABLE_POOL_RAIL=true (app default POOL_CONTRACT_ID) |
| Native XLM SAC | CDLZFC3S…CYSC |
Stellar Asset Contract for native XLM — the token the ShieldedPool deposits/withdraws | SEP-41 token interface | 🟢 Standard SAC (tokenSac in zk/pool-deploy.json) |
| ShieldedPool (original) | CB5FU3DB…LZT4 |
First depth-4 pool deploy | initialize, deposit, withdraw, get_root, is_spent |
⚪ Superseded — filled to 16/16 leaves (TreeFull, Error #3); replaced by CCQRSDCM… on 2026-07-08 |
Deployment records (source of truth): the verifier is pinned in zk/deploy.json
(wasm 987b8f51…, deployer GA6N25U5…); the pool is pinned in
zk/pool-deploy.json (wasm e60b7cd3…, deploy ledger 3494736,
deploy tx cbe1aada…,
init tx 94b0aeaa…).
Which pool address is live? The running app resolves the pool from
env.POOL_CONTRACT_ID(defaultCCQRSDCM…JONM), matchingzk/pool-deploy.json. Some demo docs and.env.examplestill reference the supersededCB5FU3DB…pool — prefer the deploy-JSON / env value. All contracts are demo-grade (trusted setup, testnet only).
- Verifier deployment tx:
2ede3274…eeffd
Sample shielded_transfer transactions we submitted (each is the real on-chain leg of a
payment that reconciled to a SETTLED receipt):
| Payment | Amount | Transaction |
|---|---|---|
Seeded demo (USD→PHP), intent_seed_demo_usd_php_0001 |
2,500.00 USDC | d7e20c08…2d5b |
| User-created payment | 1,234.56 USDC | d50a067e…66ee1 |
| User-created payment | 321.00 USDC | afd8d6e9…46ca3 |
An honest snapshot of what is real, what is mocked, and what is next. The reconciliation → receipt spine and the ZK verification are genuine; the only external mock is the fiat provider.
| Area | State |
|---|---|
Reconciliation spine (webhook → legs → SETTLED → receipt) |
✅ Real, end-to-end, covered by tests |
| Auth · sessions · rate-limiting · tenant isolation | ✅ Real (argon2id, Redis, Prisma forTenant(); isolation tested) |
| View-key shield / decrypt (AES-256-GCM) | ✅ Real, server-side, audit-logged |
| Groth16 proof verification on-chain (BLS12-381 pairing) | ✅ Real on Stellar testnet — never mocked |
New-payment on-chain submission (shielded_transfer) |
✅ Real testnet tx, but a commitment recorder — no value movement, no notes/nullifiers |
| Fiat anchor | 🟡 Mock Anchor only — fires the same HMAC-signed webhook a real anchor would; a real SEP-24/SEP-31 anchor (or Xendit) is a drop-in via ANCHOR_PROVIDER |
| Network | 🟡 Testnet only (enforced by the STELLAR_NETWORK schema) |
| Privacy pool / value-moving confidential transfer | 🔭 Roadmap — migrate to Stellar Confidential Tokens / Privacy Pools |
Feature flags & defaults: ENABLE_NEW_PAYMENTS=true, ZK_PROVING=live, SEED_ONCHAIN=false (set true + a funded key to make the seeded/signup sample payment a real testnet tx), ANCHOR_PROVIDER=mock-anchor, ENABLE_MOCK_ANCHOR=true (set false in production). Test suite: 233 tests across 61 files (pnpm run ci).
Every acceptance item is met except that new payments record a commitment on-chain rather than moving value (SPEC §3 explicitly allows the Groth16-verifier path as the honest fallback). All 10 spec pages and all §5 endpoints exist (plus /signup, verify-proof, demo-reset, receipt/pdf); the Prisma schema matches §7.
These wallets and logins drive the shielded-pool claim demo (feature-flagged
behind ENABLE_POOL_RAIL=true): a payer shields funds into claimable notes at
/pool or /pool/batch, and a receiver logs in at /claim/login to claim a note to
a Stellar wallet (settles on-chain) or a PH bank account (mock PDAX off-ramp →
receipt). Full local setup and the demo walkthrough live in
docs/running-locally.md.
Sample Stellar wallet addresses — funded testnet public keys to paste into the
Crypto wallet field when claiming a note (any valid G… StrKey works; these are
throwaway keypairs, each funded with 10,000 test XLM via friendbot):
GAMH4WD2LB3TWDJ7K7FLSFXLPQ6MI7XLITSSPMVJYJNLEA57TBUCBRXQ
GDKP6ULHSKU3QM3IUWWU7OS6SEROMB45ID6XXL52MS7G532GWMXZ6DME
GAJRIPWHRURWWKUWCY74IKUXF2PGTVJE3Y6ZVNTAB4QQTVND4PMQHLZF
Demo credentials — created by the seed (pnpm db:seed, or the first deploy).
Member and receiver passwords are hard-coded in the seed and safe to share; the
admin password is whatever SEED_ADMIN_PASSWORD is set to and is never
committed.
| Role | Username / email | Password | Log in at |
|---|---|---|---|
| Test account (app.trexure.xyz) | admintest |
qP4PeX51aw3OqN9a61U6s1LFM |
/login |
| Admin | admin |
SEED_ADMIN_PASSWORD (from .env / deploy env) |
/login |
| Member | member |
demo-member-pass-2026 |
/login |
| Receiver | maria@freelance.demo |
demo-maria-pass-2026 |
/claim/login |
| Receiver | jose@freelance.demo |
demo-jose-pass-2026 |
/claim/login |
| Receiver | ana@freelance.demo |
demo-ana-pass-2026 |
/claim/login |
Receivers are a separate persona with their own session — a tenant login grants
nothing on /claim, and vice-versa. Passwords are argon2id-hashed in the DB;
override the member/receiver ones via SEED_MEMBER_PASSWORD / SEED_<NAME>_PASSWORD
if desired. See docs/demo/demo-credentials.md for
the full demo dataset. The marketing site is at https://trexure.xyz/, and a
live staging demo runs at https://app.trexure.xyz (log in with the accounts above).
- docs/running-locally.md — full local setup (env vars, Docker infra, migrations, seed, dev servers, ZK/demo tooling, shielded-pool demo).
- docs/deployment.md — Railway topology, services, env notes, and staging.
- docs/payment-rails.md — how reconciliation differs across the two payout rails and the privacy/KYC model of each.
- docs/demo/demo-credentials.md — the full seeded demo dataset.
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Released under the MIT License. Copyright © 2026 Artisam Labs.
