Matter Labs Introduces Prividium Commander, a Control Plane That Takes Digital Assets from Pilots to Revenue
The new platform turns recurring operating work into a product institutions can reuse, freeing their teams to bring financial services to market faster.
Press release
LAS VEGAS, October 21, 2026. Matter Labs today introduced Prividium Commander at Money20/20 USA to help financial institutions take digital asset services from pilot to production with less supporting software to build and maintain. Commander combines the operational tools financial institutions need to launch and run digital asset services in one easy-to-use product, under each institution's own rules and connected to existing systems.
As institutional finance moves onchain, the question becomes how to run digital asset operations under the same rules, controls, and oversight that govern the rest of a financial institution. Moving a digital asset pilot into production can require a second software project around the financial service itself. Institutions building their own tools to manage users, control asset operations, and investigate activity must divide engineering capacity between operational software and new financial products. Commander provides a reusable operating foundation, reducing the work institutions repeat as they launch services.
For a bank developing tokenized deposits, Commander combines built-in token and administration tools with access through existing staff accounts in systems such as Okta. Authorized bank teams can manage issuance and transfer permissions in Commander's dashboard, updating permissions as responsibilities change without asking developers to edit configuration files.
“A financial institution's advantage is its knowledge of customers and markets. Too much of the effort to launch a digital asset business goes into building the supporting software,” said Alex Gluchowski, CEO and co-founder of Matter Labs. “Commander frees institutions to put more of their expertise into the products customers need and bring new sources of revenue within reach.”
Commander checks each transaction request against an institution’s rules and records the decision, including denied requests. When a transfer is refused, operations teams can see who attempted it, which rules were checked and why it was denied, and can show that decision later to risk teams, auditors or regulators, rather than reconciling records scattered across internal systems, transaction logs and block explorers. When a transfer completes, Commander can notify a connected payments application so it automatically updates the status shown to the customer.
Commander lets institutions add their own access controls to operations on supported public blockchains and existing private networks such as Hyperledger Besu. Institutional teams can set permissions for requests routed through Commander while retaining their existing applications and systems. Institutions using Commander can later choose Prividium Ledger, Matter Labs' high-performance zero-knowledge blockchain for private financial applications, while retaining Commander and their integrations.
By serving banks, asset managers, exchanges and clearing houses on infrastructure they already run, Commander opens a much wider market for Prividium and the ZKsync blockchain ecosystem. Matter Labs will share further plans for connecting financial institutions, including the implications for ZKsync's economics.
To explore Commander for your institution's digital asset business, visit prividium.com.
About Matter Labs: Matter Labs develops ZKsync and Prividium, a platform for institutions to build and operate digital asset businesses.
Media contact: zksync@150bond.com
