Abstract: An effective sensitive information protection mechanism in trust negotiation is needed to promote sharing and collaboration between security domains in distributed network computing. TCG is an industry standardization body that aims to develop and promote an open industry standard for trusted computing hardware and software building blocks to enable more secure data storage, online business practices, and online commerce transactions while protecting privacy and individual rights. The novel anonymous credentials based trusted negotiation system （ACTN） is designed and implemented based on the TPM anonymous credentials of trusted computing, which excellently deals with the difficulty of the protection of sensitive resources between strangers. The scenario resists the replay attacks, tampering attacks, masquerading, and the mechanism is based on a hardware module, called trusted platform module. The model of ACTN and the anonymous credentials are defined in detail; the parameter and the construct method of anonymous credentials are explained; the security of policy, the mechanism of delegation and the credential chain discovery are discussed; the framework of negotiation nodes and the process of negotiation are designed in addition. The results of the experiments are compared with the TrustBuilder and COTN negotiation system, and the results prove the sound performance and good security guarantee. Finally, some related future research fields of the paper are pointed out.