Gluchowski said departing employees had been offered financial support and that the company is coordinating job placement through an opt-in talent list shared with outside employers. He did not disclose the number of positions eliminated.
The zkSync token, which has a market cap of $115 million, is up 4.3% in the past 24 hours, according to CoinGecko.
What Prividium Is
Prividium is Matter Labs' institutional-grade stack for on-chain privacy and compliance, built on top of the ZK cryptography that underpins zkSync. Where zkSync was designed as a general-purpose Ethereum rollup for DeFi and consumer apps, Prividium targets banks, asset managers, and other regulated entities that require transaction confidentiality alongside audit-trail access for compliance purposes.
Gluchowski described the pivot as a response to specific product feedback from institutional customers, saying the company has "learned a great deal about where our customers need it to go."
L2 Specialization Pressure
The pivot follows a broader wave of layer-2 and ZK-project consolidations. Hyli wound down its ZK blockchain project earlier this year, citing weak market traction for general-purpose ZK infrastructure. Botanix shut down its Bitcoin L2 Spiderchain after a year of mainnet operation.
The pattern points to a maturing layer-2 market where broad horizontal platforms face pressure to find defensible verticals or exit.
For Matter Labs, the institutional privacy vertical carries a clearer revenue thesis: regulated entities pay for compliance tooling, and ZK proofs offer a technically credible path to selective disclosure, the property that lets a counterparty prove a transaction is lawful without revealing its full details.
As of publication, Gluchowski's post and the Matter Labs X account have made no statements about the future of the zkSync network or its ZK token as a separate product line.
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