Privacy technology has become key to institutional blockchain adoption, and the founder of ZKsync emphasizes the need for "system-level privacy."

Recently, Alex Gluchowski, CEO of Matter Labs and founder of ZKsync, stated that privacy tools are becoming a key factor in driving institutional adoption of blockchain technology. With over 140 companies holding approximately $137 billion in crypto assets, financial institutions must rely on a reliable privacy layer as they move to the next stage of development in transferring payments and settlements to public blockchains.

Gluchowski noted, "Institutions need to have complete control over their transaction processes while maintaining data privacy from other parties." He described this need as "system-level privacy," distinguishing it from "account-level privacy" for individual users.