Matter Labs CEO discusses privacy solutions for banks using zero-knowledge proofs

Gluk64: Alex Gluchowski, known online as @gluk64, is the co-founder and CEO of Matter Labs. He leads the company's work on privacy infrastructure for regulated financial institutions. In the news, he explains the shortcomings of current privacy tools and outlines how zero-knowledge proofs can help institutions balance data control with regulatory and auditor access. Grayscale: Grayscale is a digital asset investment platform offering a range of crypto ETFs and trusts to investors. It sponsors CoinDesk Media Network content focused on institutional blockchain adoption. The sponsorship supports the featured discussion on privacy challenges for banks entering onchain finance. Matter Labs: Matter Labs builds Prividium, an Ethereum-secured blockchain platform that enables banks and financial institutions to issue, settle, and manage digital assets with privacy, compliance, and full data control. The company has shifted its primary focus to institutional privacy infrastructure using zero-knowledge technology. In the news, its co-founder and CEO discusses why existing privacy solutions fall short for banks moving operations onchain and how zero-knowledge proofs can address this. Privacy Technology: Zero-knowledge proofs allow institutions to protect sensitive data while enabling required access for regulators, auditors, and security teams. Product Innovation: New tools are being developed to provide banks with a single control plane for running digital asset services under institution-specific rules and permissions. Institutional Challenges: Operational friction, rather than the underlying technology, is the main barrier keeping banks from scaling blockchain pilots into production environments.