ZKsync

Congrats to @The_DTCC on the launch of its Tokenization Service. We’re proud to be among the firms collaborating with DTCC. @the_matter_labs is providing privacy features with Prividium. DTCC provides custody and asset servicing for more than $114 trillion in securities.

Why is Commander such a big deal for @zksync? Because it gives us a way into every financial institution. Until now, ZKsync was only relevant for players who had already decided they needed a new private chain. But while the pressure to modernize financial infrastructure keeps growing, replacing core banking systems with a blockchain comes at the end, not the beginning, of that journey. As leaders from NYSE, DTCC, and Cari Network noted on a panel with me yesterday, even the most innovative institutions are taking the “crawl, walk, run” approach to digital assets. Commander is the new starting point. It addresses one of the earliest challenges institutions face: the operational complexity of launching and running new products and services. How do we get started while preserving established processes, maintaining control over day-to-day operations, and meeting privacy and compliance requirements? Commander is an easy decision for them—and the first decision must be easy. Getting any new software into a bank takes serious effort on both sides. Procurement has to approve the vendor, security and compliance teams have to approve the product, and engineers have to connect it to the bank’s existing users, applications and workflows. Once Commander is integrated, offering more becomes much easier. We can help the institution upgrade to Prividium Ledger while keeping the integrations already built, and work toward connecting its business to the broader network. Which brings me to an important point: connecting institutions to ZKsync will also change ZKsync itself. Financial institutions work very differently from the crypto-native world. Building Prividium around their requirements has made it clear that ZKsync needs to evolve, including its economics and the role of the $ZK token. Commander is only the first step in that direction. I’m extremely excited about this next chapter for ZKsync and can’t wait to share more soon.