Compliance
View keys & selective disclosure
Hide from the crowd, not from the law. Pure anonymity is what gets protocols delisted — Cowl is built so you can prove what you owe, to exactly who you owe it, and no one else.
View keys
A view key is a read-only credential you generate from your account. Whoever holds it can seethe shielded activity in its scope — positions, transfers, realized P&L — but can never spend, move, or trade. Handing over a view key is disclosure, not a transfer of control.
Selective disclosure
Disclosure is scoped, so an auditor sees a window, not your whole life:
| Scope by | Example |
|---|---|
| Time range | --scope 2026-Q1 |
| Asset | --asset AAPLx |
| Counterparty / flow | --counterparty exchange.eth |
What you can prove
- Positions & holdings — solvency or exposure at a point in time.
- Realized P&L — a clean figure for a tax authority, for one period.
- Source of funds — that value entered from a legitimate, screened origin.
Disclosure is a choice, per request
There is no master switch that turns your account public. Each view key is minted for one request, one scope. The public explorer keeps seeing nothing.
Compliance screening
Deposits pass compliance screening at the boundary so tainted funds do not enter the pool in the first place. Privacy inside the shield does not mean the shield accepts anything — that distinction is what keeps Cowl listable.