The critical point has already appeared in 2026: privacy is no longer just an additional label for projects, but a fundamental requirement that institutional finance truly cannot do without.

Just look at the changes over the past two years. BlackRock's BUIDL asset scale has surpassed 10 billion, the EU's MiCA is beginning to be fully implemented, and global regulators are unifying their slogan of "auditability without disclosure"—this is not a coincidence, but a market vote with real money.

Some projects are only now starting to layout the privacy track, but certain Layer1s have been all-in six years ago. Once the EVM mainnet is activated, developers writing privacy DeFi will be as smooth as writing ordinary contracts. Even better, solutions like Hedger feature a dual characteristic of "privacy toggle + audit backdoor" built into transactions—truly achieving both fish and bear's paw.

What does this really mean?

Fund managers' holdings will no longer be exposed on-chain, family offices will have genuine privacy protection for wealth transfer, and cross-border payment institutions can pass FATF reviews without exposing customer identities. These seemingly specific application scenarios all point in the same direction—privacy is evolving from a cool technical feature into the most fundamental operational logic in the financial world.

From another perspective, whoever masters compliant privacy in the next decade will essentially hold the key to the door of institutional funds.

What do you think? After 2026, will privacy become a standard entry threshold for blockchain projects?