ZKsync founder Alex Gluchowski has proposed a new utility token model for the innovative Ethereum-based protocol. In his latest post on
Gluchowski noted a coordination problem in the financial sector, particularly the incompatible messaging networks that power the global financial sector.
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According to him, messages that facilitate financial transactions around the world are trapped in incompatible silos, requiring the services of expensive, trusted intermediaries.
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The Revenue Model ‘ZK Gateway’
After outlining the different stages of the messaging process and the associated costs, Gluchowski concluded that streamlining financial reporting can deliver tremendous economic value. According to him, the lack of a shared, verifiable coordination layer forces them to reconcile data from many systems, which increases operational costs, risks and delays. These are the problems he wants to solve through the newly proposed ZK token usage model.
Gluchowski’s latest proposal, ZK Interop, aims to become the basis for direct institutional connectivity. The renowned innovator describes it as a game-changer, with implications that extend far beyond payments. For example, the solution can synchronize instructions and confirmations for multiple banks in the treasury and express authorization and clearing messages as verifiable receipts in card networks.
According to Gluchowski, ZK Interop can condense costly, multi-step confirmations and post-trade settlement processes into verifiable, near-atomic cross-chain events when dealing with securities, and coordinate ISO-20022 messaging and ultimately PvP settlement in cross-border transfers.
Industry validation
Meanwhile, Circle CEO Jeremy Allaire, while describing the importance of messaging in the financial sector, noted that the velocity of money will increase in line with the velocity of information. He believes that economic throughput will scale non-linearly once message coordination between systems approaches near-zero latency.
Gluchowski’s goal is to use the proposed innovation to break institutional latency, transforming today’s fragmented, slow messaging chains into instant, verifiable coordination.
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