Etherealize: Wall Street demand will drive the development of privacy for Ethereum

Jinse Finance reported that Danny Ryan, co-founder and president of Etherealize, stated that privacy advocates in the cryptocurrency space should be excited about Wall Street's adoption. As markets gradually move on-chain, financial institutions are expressing their demand for infrastructure that resembles elements of traditional markets, with privacy being a "basic configuration," he said in an interview. "Markets cannot and do not function properly in a state of complete transparency," he said. "If we want to bring the whole world onto the blockchain, the model of 'everyone seeing everything at all times' simply won't work." Previously, Etherealize announced the completion of a $40 million financing round. The startup stated that it will promote Ethereum's application in tokenized asset trading and settlement by developing infrastructure based on tools such as zero-knowledge (ZK) proofs.