Matter Labs, the developer of ZKsync, has launched Prividium Connect for banks, asset managers and financial market infrastructure operators. According to an official blog cited by PANews, the tool lets institutions exchange assets privately across blockchains they operate without a trusted intermediary.
The tool uses zero-knowledge proofs to enforce agreed terms before a transaction completes: either both transfers go through or neither does. Each institution keeps its confidential records in its own systems. Matter Labs says it is the first mainnet solution to cryptographically enforce private cross-chain transactions.
The original report’s headline also mentions a plan to bring interoperability fees into the ZK economy, but its text gives no details of that plan.
Original PANews report, published November 10, 2026, at 21:21 (UTC+8).