Enclave Markets is a fully encrypted exchange (FEX). The platform is built entirely within a Secure Enclave, preventing any party, including the exchange operators, from reading order activity. It secures assets using a mechanism that eliminates the possibility of a single point of failure. Its first product, Enclave Cross, gives users access to an institutional-grade, fully confidential mid-match platform. This platform allows participants to trade blocks of digital assets at the given market price without market impact.