Today, we are recording live from ETHConf in New York City, and I am sitting down with Alex Gluchowski, CEO and co-founder of Matter Labs—the driving force behind the massively backed ZKsync ecosystem. While the public often views Zero-Knowledge tech through the lens of retail scaling, Alex is quietly reshaping the bedrock of global banking.

Matter Labs has launched a massive institutional play: partnering with BitGo and the Cari Network—a powerhouse banking initiative led by former U.S. Comptroller of the Currency Gene Ludwig and backed by regional giants holding over $600 billion in deposits. Using ZKsync’s enterprise-grade Prividium infrastructure, they are bringing private, always-on tokenized deposits directly onto bank balance sheets. Today, we are breaking down the closed-door banking conversations, Wall Street’s pushback against the Clarity Act, and why tokenized deposits and stablecoins aren’t fighting a turf war, but are actually building the future of money together. Let’s dive in.

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