$224M TVS on ZKsync Era versus roughly $17.4B on Arbitrum One and $11.1B on Base means ZK has almost no public-rollup cash-flow cushion while it chases bank sales. Prividium’s best shot is a wedge Canton and Kinexys cannot copy cleanly: private bank-controlled execution with Ethereum-verifiable proofs, so tokenized deposits and RWAs can move across compliance domains without becoming another closed ledger. The risk is procurement gravity; once Citi/JPM/DTCC-style networks standardize collateral workflows, liquidity migrates to the venue with legal distribution before anyone cares whose prover is cheaper.

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