Blockchain technology is widely heralded as the future of financial systems, and the rapid growth of the institutional crypto space underscores this narrative. The global cryptocurrency market capitalization has surged to $3.8 trillion–an increase of over 125% in just a year–which is a significant achievement. But what’s more incredible about this growth story is that the unparalleled utility of blockchain-enabled asset transfers has taken place despite use cases almost entirely outside the core of our financial markets. How can we fold and transform existing markets onto crypto rails? One element of that answer is easier said than done – the addition of privacy.