Matter Labs Launches Prividium Commander to Facilitate Blockchain Adoption in Banking

ChainCatcher report: At Money20/20 USA, Alex Gluchowski, CEO of Matter Labs, unveiled Prividium Commander, noting that while most banks have tested blockchain technology, only a few have deployed it in production services—due not to technical limitations, but operational challenges such as issuance controls, transfer processing, audit requirements, and compliance workflows. Prividium Commander is positioned as a unified control plane, enabling institutions to manage permissions, configure token functionalities, and set operational policies from a single interface, while integrating with existing traditional financial systems and supporting both public and private blockchain infrastructures. The product is built on Matter Labs’ permissioned privacy blockchain platform, Prividium, which is powered by ZK Stack technology, allowing institutions to run private blockchains on their own infrastructure and anchor transactions to Ethereum via zero-knowledge proofs—achieving Ethereum-level settlement finality without exposing customer balances or transaction details. Matter Labs open-sourced the Prividium Core permissioning engine in September 2026, with the Deutsche Bundesbank as its first tester. Cari Network has selected Prividium to build a multi-bank tokenized deposit platform, with regional banks including Huntington and M&T Bank participating, targeting production launch in late 2026. By mid-2026, Matter Labs had fully shifted its focus to institutional privacy infrastructure powered by Prividium.