**[Etherealize: Wall Street's Demand Will Drive Ethereum's Privacy Development]** According to a report by Jinse Finance, Danny Ryan, co-founder and president of Etherealize, stated that cryptocurrency privacy advocates should be excited about Wall Street's adoption. As markets gradually move on-chain, financial institutions are expressing their need for infrastructure that mirrors elements of traditional markets, with privacy being a "basic configuration," he said in an interview. "Markets cannot and will not function properly in a state of complete transparency," he remarked. "If we want the entire world to join blockchain, the model of 'everyone seeing everything at all times' simply won't work." Previously, it was reported that Etherealize announced the completion of a $40 million funding round. The startup stated that it aims to promote Ethereum's application in tokenized asset trading and settlement by developing infrastructure tools based on zero-knowledge (ZK) proofs and similar technologies.