Etherealize co-founder Danny Ryan asserts that Wall Street's move toward cryptocurrencies will enhance privacy on Ethereum. As financial institutions transition to on-chain systems, a demand for privacy infrastructure is emerging, which Ryan claims is essential for market functionality. He emphasized that a fully transparent system where every transaction is visible will not be viable. Recently, Etherealize announced securing $40 million in funding to develop infrastructure that utilizes zero-knowledge (ZK) proofs for trading and settling tokenized assets. Despite current contentions surrounding privacy, illustrated by the U.S. government's crackdown on coin-mixing services, Ryan views Wall Street's requirements as an opportunity to improve practical and compliant privacy measures in blockchain technology. He believes that as institutional needs for privacy increase, similar benefits will extend to average users, fostering the adoption of privacy tools within Ethereum's ecosystem. Even as competing approaches to privacy surface in projects like Tempo and Arc, Ryan maintains that tailored privacy solutions will become increasingly commonplace on Ethereum in the upcoming years.

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