Institutional blockchains are once again attracting large capital. Arc, Canton, and Tempo have collectively raised over $1 billion, with their valuations exceeding $10 billion. According to Bitwise Chief Investment Officer Matt Hougan, the market is setting a new trend: privacy may become one of the main use cases for cryptocurrencies.

This is not about the old idea of anonymous coins. The new wave is built around stablecoins, tokenized assets, and corporate settlements, where participants need speed, access control, and protection of commercial data. For large companies, full transparency of public networks is becoming a problem rather than an advantage.