[ZKsync Launches Prividium Connect, Supporting Private Cross-Chain Transactions for Institutions] Foresight News reports that Matter Labs, the developer of ZKsync, has announced the launch of Prividium Connect, which is now live on its mainnet. Based on ZKsync's open-source atomic interoperability protocol, this product allows banks, asset management institutions, and others to exchange assets across their existing blockchains without the need for trusted intermediaries. Before a transaction is completed, the system uses zero-knowledge proofs to verify whether both parties meet the agreed-upon conditions, ensuring that both transfers either complete simultaneously or neither completes. If a transaction times out, both parties can retrieve their assets. Prividium Connect initially supports Hyperledger Besu and Prividium Ledger, and can be used for security delivery versus payment, buybacks, and fund subscriptions and redemptions. Institutions can keep balances, holdings, and customer information within their own systems and decide for themselves what information to disclose to auditors and regulators. Matter Labs also proposes deploying an official version on a public blockchain, converting cross-chain transaction fees into ZK and distributing them according to governance decisions. The relevant fee switch has been developed and is currently under audit. Its activation, integration, and rate parameters still require governance approval.