diff --git a/Cargo.lock b/Cargo.lock
index 39c860757e..71e5c7faae 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4979,6 +4979,7 @@ dependencies = [
  "num-bigint",
  "once_cell",
  "pbkdf2",
+ "penumbra-asset",
  "penumbra-proto",
  "penumbra-tct",
  "poseidon377",
diff --git a/crates/core/component/dex/src/swap/ciphertext.rs b/crates/core/component/dex/src/swap/ciphertext.rs
index 8cd044556c..54d1941167 100644
--- a/crates/core/component/dex/src/swap/ciphertext.rs
+++ b/crates/core/component/dex/src/swap/ciphertext.rs
@@ -1,7 +1,7 @@
 use anyhow::Result;
 
-use penumbra_keys::keys::OutgoingViewingKey;
-use penumbra_shielded_pool::{note, PayloadKey};
+use penumbra_keys::{keys::OutgoingViewingKey, PayloadKey};
+use penumbra_shielded_pool::note;
 
 use super::{SwapPlaintext, SWAP_CIPHERTEXT_BYTES, SWAP_LEN_BYTES};
 
diff --git a/crates/core/component/dex/src/swap/plaintext.rs b/crates/core/component/dex/src/swap/plaintext.rs
index 13b59fa615..14feb74684 100644
--- a/crates/core/component/dex/src/swap/plaintext.rs
+++ b/crates/core/component/dex/src/swap/plaintext.rs
@@ -16,9 +16,9 @@ use rand_core::{CryptoRng, RngCore};
 
 use decaf377_ka as ka;
 use penumbra_asset::{asset, Value, ValueVar};
-use penumbra_keys::{keys::OutgoingViewingKey, Address, AddressVar};
+use penumbra_keys::{keys::OutgoingViewingKey, Address, AddressVar, PayloadKey};
 use penumbra_num::{Amount, AmountVar};
-use penumbra_shielded_pool::{Note, PayloadKey, Rseed};
+use penumbra_shielded_pool::{Note, Rseed};
 use penumbra_tct::r1cs::StateCommitmentVar;
 
 use crate::{BatchSwapOutputData, TradingPair, TradingPairVar};
diff --git a/crates/core/component/governance/Cargo.toml b/crates/core/component/governance/Cargo.toml
index 531ceb9dfb..aad9d2c9ed 100644
--- a/crates/core/component/governance/Cargo.toml
+++ b/crates/core/component/governance/Cargo.toml
@@ -27,7 +27,7 @@ penumbra-proof-params = { path = "../../../crypto/proof-params", default-feature
 penumbra-crypto = { path = "../../crypto", default-features = false }
 penumbra-sct = { path = "../sct", default-features = false }
 penumbra-component = { path = "../component", optional = true }
-penumbra-shielded-pool = { path = "../shielded-pool", optional = true }
+penumbra-shielded-pool = { path = "../shielded-pool", default-features = false  }
 penumbra-chain = { path = "../chain", default-features = false }
 penumbra-asset = { path = "../../../core/asset", default-features = false  } 
 penumbra-keys = { path = "../../../core/keys", default-features = false  } 
diff --git a/crates/core/component/shielded-pool/src/lib.rs b/crates/core/component/shielded-pool/src/lib.rs
index d5145e5119..cffc19a033 100644
--- a/crates/core/component/shielded-pool/src/lib.rs
+++ b/crates/core/component/shielded-pool/src/lib.rs
@@ -10,12 +10,10 @@ pub mod state_key;
 pub mod note;
 mod note_payload;
 pub mod rseed;
-pub mod symmetric;
 
 pub use note::{Note, NoteCiphertext, NoteView};
 pub use note_payload::NotePayload;
 pub use rseed::Rseed;
-pub use symmetric::PayloadKey;
 
 pub mod nullifier_derivation;
 pub mod output;
diff --git a/crates/core/component/shielded-pool/src/note.rs b/crates/core/component/shielded-pool/src/note.rs
index b314e0b4e5..e4738a9ebb 100644
--- a/crates/core/component/shielded-pool/src/note.rs
+++ b/crates/core/component/shielded-pool/src/note.rs
@@ -9,6 +9,7 @@ use once_cell::sync::Lazy;
 use penumbra_chain::genesis::Allocation;
 use penumbra_keys::{
     keys::{Diversifier, FullViewingKey, IncomingViewingKey, OutgoingViewingKey},
+    symmetric::{OutgoingCipherKey, OvkWrappedKey, PayloadKey, PayloadKind},
     Address, AddressView,
 };
 use penumbra_proto::core::crypto::v1alpha1 as pb;
@@ -24,10 +25,7 @@ pub use penumbra_tct::StateCommitment;
 use penumbra_asset::{asset, balance, Value, ValueView};
 use penumbra_num::Amount;
 
-use crate::{
-    symmetric::{OutgoingCipherKey, OvkWrappedKey, PayloadKey, PayloadKind},
-    NotePayload, Rseed,
-};
+use crate::{NotePayload, Rseed};
 
 pub const NOTE_LEN_BYTES: usize = 160;
 pub const NOTE_CIPHERTEXT_BYTES: usize = 176;
diff --git a/crates/core/component/shielded-pool/src/output/action.rs b/crates/core/component/shielded-pool/src/output/action.rs
index b5a5853018..6ee0deae9c 100644
--- a/crates/core/component/shielded-pool/src/output/action.rs
+++ b/crates/core/component/shielded-pool/src/output/action.rs
@@ -4,14 +4,12 @@ use anyhow::{Context, Error};
 use bytes::Bytes;
 use penumbra_asset::balance;
 use penumbra_crypto::{EffectHash, EffectingData, FieldExt};
+use penumbra_keys::symmetric::{OvkWrappedKey, WrappedMemoKey};
 use penumbra_proto::{
     core::crypto::v1alpha1 as pbc, core::transaction::v1alpha1 as pb, DomainType, TypeUrl,
 };
 
-use crate::{
-    symmetric::{OvkWrappedKey, WrappedMemoKey},
-    NotePayload, OutputProof,
-};
+use crate::{NotePayload, OutputProof};
 
 #[derive(Clone, Debug)]
 pub struct Output {
diff --git a/crates/core/component/shielded-pool/src/output/plan.rs b/crates/core/component/shielded-pool/src/output/plan.rs
index 57ac80654a..49dd5f72f6 100644
--- a/crates/core/component/shielded-pool/src/output/plan.rs
+++ b/crates/core/component/shielded-pool/src/output/plan.rs
@@ -3,14 +3,15 @@ use penumbra_asset::{Balance, Value, STAKING_TOKEN_ASSET_ID};
 use penumbra_crypto::{ka, FieldExt, Fq, Fr};
 use penumbra_keys::{
     keys::{IncomingViewingKey, OutgoingViewingKey},
-    Address,
+    symmetric::WrappedMemoKey,
+    Address, PayloadKey,
 };
 use penumbra_proto::{core::transaction::v1alpha1 as pb, DomainType, TypeUrl};
 use rand_core::{CryptoRng, RngCore};
 use serde::{Deserialize, Serialize};
 
 use super::{Body, Output, OutputProof};
-use crate::{symmetric::WrappedMemoKey, Note, PayloadKey, Rseed};
+use crate::{Note, Rseed};
 
 /// A planned [`Output`](Output).
 #[derive(Clone, Debug, Deserialize, Serialize)]
@@ -173,12 +174,13 @@ impl TryFrom<pb::OutputPlan> for OutputPlan {
 mod test {
     use super::OutputPlan;
     use penumbra_asset::Value;
-    use penumbra_keys::keys::{SeedPhrase, SpendKey};
+    use penumbra_keys::{
+        keys::{SeedPhrase, SpendKey},
+        PayloadKey,
+    };
     use penumbra_proof_params::OUTPUT_PROOF_VERIFICATION_KEY;
     use rand_core::OsRng;
 
-    use crate::PayloadKey;
-
     #[test]
     /// Check that a valid output proof passes the `penumbra_crypto` integrity checks successfully.
     /// This test serves to anchor how an `OutputPlan` prepares its `OutputProof`, in particular
diff --git a/crates/core/component/shielded-pool/src/output/view.rs b/crates/core/component/shielded-pool/src/output/view.rs
index ed5e6bfcf9..43b70324ee 100644
--- a/crates/core/component/shielded-pool/src/output/view.rs
+++ b/crates/core/component/shielded-pool/src/output/view.rs
@@ -1,8 +1,9 @@
+use penumbra_keys::PayloadKey;
 use penumbra_proto::{core::transaction::v1alpha1 as pbt, DomainType, TypeUrl};
 use serde::{Deserialize, Serialize};
 
+use crate::NoteView;
 use crate::Output;
-use crate::{NoteView, PayloadKey};
 
 #[derive(Clone, Debug, Serialize, Deserialize)]
 #[serde(try_from = "pbt::OutputView", into = "pbt::OutputView")]
diff --git a/crates/core/keys/Cargo.toml b/crates/core/keys/Cargo.toml
index 303479933a..545a5a761d 100644
--- a/crates/core/keys/Cargo.toml
+++ b/crates/core/keys/Cargo.toml
@@ -11,6 +11,7 @@ decaf377-ka = { path = "../../crypto/decaf377-ka/" }
 decaf377-fmd = { path = "../../crypto/decaf377-fmd/" }
 penumbra-proto = { path = "../../proto/" }
 penumbra-tct = { path = "../../crypto/tct/", features = ["r1cs"] }
+penumbra-asset = { path = "../../core/asset" }
 
 # Git deps
 decaf377 = {version = "0.4", features = ["r1cs"] }
diff --git a/crates/core/keys/src/lib.rs b/crates/core/keys/src/lib.rs
index 86c0f79a95..ab7a18e66f 100644
--- a/crates/core/keys/src/lib.rs
+++ b/crates/core/keys/src/lib.rs
@@ -5,9 +5,11 @@ use decaf377_rdsa as rdsa;
 pub mod address;
 pub mod keys;
 pub mod prf;
+pub mod symmetric;
 
 pub use address::{Address, AddressVar, AddressView};
 pub use keys::FullViewingKey;
+pub use symmetric::PayloadKey;
 
 fn fmt_hex<T: AsRef<[u8]>>(data: T, f: &mut std::fmt::Formatter) -> std::fmt::Result {
     write!(f, "{}", hex::encode(data))
diff --git a/crates/core/component/shielded-pool/src/symmetric.rs b/crates/core/keys/src/symmetric.rs
similarity index 96%
rename from crates/core/component/shielded-pool/src/symmetric.rs
rename to crates/core/keys/src/symmetric.rs
index 5da720318e..9b8afea35a 100644
--- a/crates/core/component/shielded-pool/src/symmetric.rs
+++ b/crates/core/keys/src/symmetric.rs
@@ -1,3 +1,4 @@
+use crate::keys::{IncomingViewingKey, OutgoingViewingKey};
 use anyhow::{anyhow, Result};
 use chacha20poly1305::{
     aead::{Aead, NewAead},
@@ -6,12 +7,10 @@ use chacha20poly1305::{
 use decaf377::FieldExt;
 use decaf377_ka as ka;
 use penumbra_asset::balance;
-use penumbra_keys::keys::{IncomingViewingKey, OutgoingViewingKey};
 use penumbra_proto::core::transaction::v1alpha1::{self as pb};
+use penumbra_tct::StateCommitment;
 use rand::{CryptoRng, RngCore};
 
-use crate::note;
-
 pub const PAYLOAD_KEY_LEN_BYTES: usize = 32;
 pub const OVK_WRAPPED_LEN_BYTES: usize = 48;
 pub const MEMOKEY_WRAPPED_LEN_BYTES: usize = 48;
@@ -29,7 +28,7 @@ pub enum PayloadKind {
 }
 
 impl PayloadKind {
-    pub(crate) fn nonce(&self, commitment: Option<note::StateCommitment>) -> [u8; 12] {
+    pub(crate) fn nonce(&self, commitment: Option<StateCommitment>) -> [u8; 12] {
         match self {
             Self::Note => [0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0],
             Self::MemoKey => [1, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0],
@@ -103,7 +102,7 @@ impl PayloadKey {
     }
 
     /// Use Blake2b-256 to derive an encryption key from the OVK and public fields for swaps.
-    pub fn derive_swap(ovk: &OutgoingViewingKey, cm: note::StateCommitment) -> Self {
+    pub fn derive_swap(ovk: &OutgoingViewingKey, cm: StateCommitment) -> Self {
         let cm_bytes: [u8; 32] = cm.into();
 
         let mut kdf_params = blake2b_simd::Params::new();
@@ -118,7 +117,7 @@ impl PayloadKey {
     }
 
     /// Encrypt a swap using the `PayloadKey`.
-    pub fn encrypt_swap(&self, plaintext: Vec<u8>, commitment: note::StateCommitment) -> Vec<u8> {
+    pub fn encrypt_swap(&self, plaintext: Vec<u8>, commitment: StateCommitment) -> Vec<u8> {
         let cipher = ChaCha20Poly1305::new(&self.0);
         let nonce_bytes = PayloadKind::Swap.nonce(Some(commitment));
         let nonce = Nonce::from_slice(&nonce_bytes);
@@ -132,7 +131,7 @@ impl PayloadKey {
     pub fn decrypt_swap(
         &self,
         ciphertext: Vec<u8>,
-        commitment: note::StateCommitment,
+        commitment: StateCommitment,
     ) -> Result<Vec<u8>> {
         let cipher = ChaCha20Poly1305::new(&self.0);
 
@@ -194,10 +193,10 @@ pub struct OutgoingCipherKey(Key);
 
 impl OutgoingCipherKey {
     /// Use Blake2b-256 to derive an encryption key `ock` from the OVK and public fields.
-    pub(crate) fn derive(
+    pub fn derive(
         ovk: &OutgoingViewingKey,
         cv: balance::Commitment,
-        cm: note::StateCommitment,
+        cm: StateCommitment,
         epk: &ka::Public,
     ) -> Self {
         let cv_bytes: [u8; 32] = cv.into();
diff --git a/crates/core/transaction/src/effect_hash.rs b/crates/core/transaction/src/effect_hash.rs
index 1fe3206c31..fa8fcc7128 100644
--- a/crates/core/transaction/src/effect_hash.rs
+++ b/crates/core/transaction/src/effect_hash.rs
@@ -7,9 +7,9 @@ use penumbra_dex::{
     swap, swap_claim, TradingPair,
 };
 use penumbra_fee::Fee;
-use penumbra_keys::FullViewingKey;
+use penumbra_keys::{FullViewingKey, PayloadKey};
 use penumbra_proto::DomainType;
-use penumbra_shielded_pool::{NotePayload, PayloadKey};
+use penumbra_shielded_pool::NotePayload;
 use penumbra_stake::{Delegate, Undelegate, UndelegateClaimBody};
 
 use crate::{
diff --git a/crates/core/transaction/src/memo.rs b/crates/core/transaction/src/memo.rs
index 83ffe845c8..af133bae24 100644
--- a/crates/core/transaction/src/memo.rs
+++ b/crates/core/transaction/src/memo.rs
@@ -8,13 +8,13 @@ use rand_core::OsRng;
 
 use decaf377_ka as ka;
 use penumbra_asset::balance;
-use penumbra_keys::{keys::OutgoingViewingKey, Address};
-use penumbra_proto::core::transaction::v1alpha1 as pbt;
-use penumbra_shielded_pool::{
-    note,
+use penumbra_keys::{
+    keys::OutgoingViewingKey,
     symmetric::{OvkWrappedKey, PayloadKey, PayloadKind, WrappedMemoKey},
-    Note,
+    Address,
 };
+use penumbra_proto::core::transaction::v1alpha1 as pbt;
+use penumbra_shielded_pool::{note, Note};
 
 pub const MEMO_CIPHERTEXT_LEN_BYTES: usize = 528;
 
diff --git a/crates/core/transaction/src/plan/build.rs b/crates/core/transaction/src/plan/build.rs
index b4c94400eb..e33595d299 100644
--- a/crates/core/transaction/src/plan/build.rs
+++ b/crates/core/transaction/src/plan/build.rs
@@ -2,8 +2,7 @@ use anyhow::{Context, Result};
 use ark_ff::Zero;
 use decaf377::Fr;
 use decaf377_rdsa as rdsa;
-use penumbra_keys::FullViewingKey;
-use penumbra_shielded_pool::symmetric::PayloadKey;
+use penumbra_keys::{symmetric::PayloadKey, FullViewingKey};
 use rand_core::{CryptoRng, RngCore};
 
 use super::TransactionPlan;
diff --git a/crates/core/transaction/src/plan/memo.rs b/crates/core/transaction/src/plan/memo.rs
index 6700694076..f31c2605e7 100644
--- a/crates/core/transaction/src/plan/memo.rs
+++ b/crates/core/transaction/src/plan/memo.rs
@@ -1,7 +1,6 @@
 use anyhow::Context;
-use penumbra_keys::Address;
+use penumbra_keys::{symmetric::PayloadKey, Address};
 use penumbra_proto::{core::transaction::v1alpha1 as pb, DomainType, TypeUrl};
-use penumbra_shielded_pool::symmetric::PayloadKey;
 
 use rand::{CryptoRng, RngCore};
 
diff --git a/crates/core/transaction/src/transaction.rs b/crates/core/transaction/src/transaction.rs
index e5fdbe8252..ea40c37577 100644
--- a/crates/core/transaction/src/transaction.rs
+++ b/crates/core/transaction/src/transaction.rs
@@ -17,10 +17,10 @@ use penumbra_dex::{
 };
 use penumbra_fee::Fee;
 use penumbra_ibc::IbcAction;
-use penumbra_keys::FullViewingKey;
+use penumbra_keys::{FullViewingKey, PayloadKey};
 use penumbra_proto::{core::transaction::v1alpha1 as pbt, DomainType, Message, TypeUrl};
 use penumbra_sct::Nullifier;
-use penumbra_shielded_pool::{Note, Output, PayloadKey, Spend};
+use penumbra_shielded_pool::{Note, Output, Spend};
 use penumbra_stake::{Delegate, Undelegate, UndelegateClaim};
 use penumbra_tct as tct;
 use penumbra_tct::StateCommitment;
diff --git a/crates/core/transaction/src/view/transaction_perspective.rs b/crates/core/transaction/src/view/transaction_perspective.rs
index 92a896ba95..1b22d2b12d 100644
--- a/crates/core/transaction/src/view/transaction_perspective.rs
+++ b/crates/core/transaction/src/view/transaction_perspective.rs
@@ -1,10 +1,10 @@
 use penumbra_asset::asset;
-use penumbra_keys::AddressView;
+use penumbra_keys::{AddressView, PayloadKey};
 use penumbra_proto::core::transaction::v1alpha1::{
     self as pb, NullifierWithNote, PayloadKeyWithCommitment,
 };
 use penumbra_sct::Nullifier;
-use penumbra_shielded_pool::{note, Note, NoteView, PayloadKey};
+use penumbra_shielded_pool::{note, Note, NoteView};
 
 use std::collections::BTreeMap;