The same feature that made bitcoin and crypto revolutionary is also what is holding back wider adoption.

Blockchains are open, public ledgers. Every balance, every transaction, and every counterparty is visible to anyone, permanently. That is what makes them verifiable and trustless. But it is also what makes them unusable for institutions because no business broadcasts its payroll and no fund telegraphs its trades.

Privacy is not a feature digital assets can bolt on later. It is the missing layer between where the asset class sits today and where the capital actually is. Solve it, and crypto becomes something traditional finance never could: a Swiss bank account in your pocket, private and self-custodied, yet open to a regulator or…