
The CLARITY Act Isn't a Bank vs. Crypto Fight. It's a Test of America's Ambition
The CLARITY Act isn't banks vs. crypto — it's about whether the U.S. builds digital financial infrastructure that works for everyone, including community banks.

Published Apr 21, 2026
Matter Labs, the company behind ZKsync, has joined Linux Foundation (LF) Decentralized Trust as a general member, bringing its zero-knowledge cryptography expertise and Ethereum-anchored privacy infrastructure for institutional finance experience to the foundation's growing community of financial institutions, central banks, and technology providers building open standards for decentralized trust.
LF Decentralized Trust is the Linux Foundation's flagship organization for blockchain, identity, and cryptographic technologies. Its membership includes ten central banks and a broad base of financial infrastructure providers, such as Accenture, DTCC, and Hitachi, collaborating on interoperability, privacy, tokenization technologies and standards under neutral governance.
The membership reflects Matter Labs' expanding work with regulated financial institutions deploying tokenized deposits, cross-border settlement, and fund management infrastructure on Prividium, the company's privacy-preserving, permissioned blockchain platform built on ZKsync and anchored to Ethereum. Institutions building on Prividium include a consortium of US regional banks through the Cari Network, Deutsche Bank, and BitGo.
As digital asset adoption accelerates across regulated finance, open standards for privacy, compliance, and interoperability are becoming prerequisites for production deployment. Matter Labs will contribute its expertise in zero-knowledge proof systems and institutional privacy architecture to the LF Decentralized Trust community, including participation in the foundation's upcoming privacy workshop series.
"Financial institutions are moving from exploration to production. The constraint is no longer access to blockchain, but how to operate within the regulatory perimeter, without compromising privacy, control and interoperability. Zero-knowledge proofs solve that by letting institutions prove correctness without exposing data. That's the missing primitive for institutional adoption, and the standards around it should be built in the open. We're joining LF Decentralized Trust to contribute to that work," said Alex Gluchowski, CEO of Matter Labs.
“As an LF Decentralized Trust member, Matter Labs is now actively supporting a global open source community that is collectively building the core technologies and standards for tokenization and other digital asset platforms," said Daniela Barbosa, Executive Director of LF Decentralized Trust and General Manager of Decentralized Technologies at the Linux Foundation. "We welcome the valuable privacy expertise they bring to our continuing effort to modernize financial infrastructure."

The CLARITY Act isn't banks vs. crypto — it's about whether the U.S. builds digital financial infrastructure that works for everyone, including community banks.

ZKsync Lite sunsets on May 4, 2026. Block production stops, but your funds are safe — withdraw via L1 claim contract. First 100K withdrawals sponsored.

April 18's $290M loss at Kelp DAO came with a remarkable statement: the protocol worked exactly as designed. That sentence is the entire argument banks need to understand before choosing tokenized infrastructure — because some systems sold as blockchains are, underneath, just wires. And wires fail open.