Public blockchains let everyone see the activity. In institutional finance, that transparency can also become a disadvantage. Think about a fund building a position, managing liquidity or executing a trading strategy. If every move is visible on-chain, competitors can analyse its behaviour, front-run opportunities or use that information to their advantage. The issue isn't that transparency is bad. It's that not every piece of financial information should be public by default. Institutions need ways to protect sensitive positions, strategies and financial data without giving up the verifiability that makes blockchains useful in the first place. That’s the idea behind confidential finance: preserve privacy where it matters while keeping the necessary transactions and computations verifiable. I think this is an important part of making public blockchain infrastructure more practical for serious financial activity. And it's one of the problems @primus_labs is working to address. The next stage of on-chain finance won't be about transparency alone. It'll also be about controlling what needs to stay private. Come have a look https://t.co/Wh6cqBa2Ys