Development company Matter Labs, a major contributor to the ZKsync second-layer network, has announced efforts to integrate major financial institutions into a new architecture on Ethereum.
The project, called Prividiums, includes the following companies: Major companies such as Mastercard, Citi, Deutsche Bank, Santander and Fidelityamong others.
According to ZKsync’s official statement: The proposal consists of private and permissioned networks anchored on Ethereum.
The goal is to provide an infrastructure that combines the privacy and control of a private network with the security and interoperability of a public network. The technology aims to solve use cases such as cross-border payments and intraday repurchase agreements.
ZKsync highlighted the following in its announcement: The financial sector is at a tipping point. “Financial institutions face an adapt-or-die crisis,” they said, explaining that customers are demanding programmable, always-on, internet-speed finance.
The project was presented in a series of workshops organized in partnership with consulting firm Deloitte, where more than 35 institutions observed live demonstrations of network capabilities.
Despite the caliber of participants in this effort, ZK, the network’s native digital asset, has maintained a constant downward trend since January 2025, as seen in the CoinGecko chart below.
The market does not seem to be reacting positively to this development of institutional adoption, and digital asset prices remain under pressure.
As explained by CriptoNoticias, ZK tokens were distributed to active users of this Ethereum rollup in mid-2024.
(Tag Translation) Cryptomonedas
