[TPP-18] 2026 ZKsync Protocol & Network Development Allocation

Summary

This proposal allocates 67M ZK per month (~$1M USD per month at the $0.015/ZK reference price) to Matter Labs over 12 months to execute the 2026 Prividium roadmap and convert the active institutional pipeline into deployed chains and a growing institutional network. As that adoption scales, the resulting protocol activity can generate fees and network usage that are routed through governance-controlled mechanisms.

Funding supports Matter Labs' Prividium engineering, BD and forward-deployed work that converts the pipeline, and continued investment in the supporting ZK Stack and Airbender layers.

The allocation is delivered through twelve monthly capped minters, each containing 67M ZK and governed by a 5/7 Program Admin Multisig with three Foundation, two ZKGPS, and two Security Council signers. The Security Council holds the pauser role on each capped minter, and the Token Assembly retains the right to revoke any future minter at any time.

Abstract

Banks moving onchain is inevitable. The only open question is whose infrastructure becomes the de facto settlement network for the trillions of dollars in institutional value that will move onchain over the next decade. JPMorgan's Kinexys has processed more than $1.5 trillion on blockchain rails. The tokenized real-world asset market is approaching $29 billion. Stablecoin supply has passed $300 billion, with 93% of tokenized U.S. assets and $157 billion in regulated stablecoin supply settling on Ethereum. Two or three teams are credibly building the institutional ZK settlement layer. The team that supplies the first wave of regulated bank deployments doesn't just set the standard, it captures the compounding network effects that define winner-take-most settlement markets. That decision window is open right now and closes fast.

ZKsync is one of those protocols, and Matter Labs has pivoted its entire focus towards making sure ZKsync wins this market, and converts that win into the default settlement network for institutional finance on Ethereum. The proof is already in production: Deutsche Bank live as Memento, ADI Chain running with First Abu Dhabi Bank and the Central Bank of UAE, Cari Network onboarding for five U.S. regional banks ($600B+ in combined deposits). The active pipeline exceeds 30 institutions across U.S. and international banks, central banks, sovereign currency issuers, and global custodians. Every additional institution that deploys raises the cost for the next bank to choose a competing rail.

Network adoption is the mechanism that connects this work to ZKsync protocol activity. The fee-flow architecture via ScopeLift is deployed on ZKsync Era and audited. The v31 protocol upgrade which introduces interop fees based on cross-chain messages, payable in ZK, is currently in review and planned to be executed by end of Q2 2026, pending a successful governance vote. Broader institutional tokenomics, including a Network Fee Pool that routes activity to network operators, the ZKsync Governed token supply, validator participants, and protocol burn, are being structured for ZKsync Governance consideration. As institutional adoption scales through the 2026 roadmap, the resulting network usage and fee generation flow back to ZKsync through these mechanisms, supporting the long-term economic sustainability of the protocol. Activation and routing remain Governance decisions. Protocol activity grows by mechanism, not by promise.

This proposal allocates 12 capped minters, each containing 67M ZK, to be distributed to Matter Labs once per month over the course of 12 months (~$1M USD per month at the $0.015/ZK reference price) to fund Prividium engineering, the BD and forward-deployed work that converts the institutional pipeline, and continued investment in the supporting ZK Stack and Airbender layers. The allocation delivered through these twelve monthly capped minters can be revoked via a governance vote through the Token Assembly at any time.

Safeguards include monthly sequential unlock with no cliff; each monthly capped minter independently revocable by Token Assembly governance vote at any point; 5/7 Program Admin Multisig with three Foundation, two ZKGPS, and two Security Council signers; no governance voting on tokens minted under this allocation; continued public quarterly reporting in the format established in 2025 and continued in 2026.

Motivation

Why now: the institutional standard is being set this year

2026 is when the architectural decisions get made, and when the winner of institutional settlement gets locked in for the next decade. The TAM for tokenized deposits, RWAs, and regulated stablecoins is measured in trillions; the platform that captures the first cohort of regulated banks captures the disproportionate share of that flow. JPMorgan's Kinexys platform has processed more than $1.5 trillion on blockchain rails, averaging $2 billion daily across institutional clients. DTCC is advancing SEC-cleared tokenization of U.S. Treasuries. NYSE is building tokenized securities rails with BNY and Citi supporting the cash leg. The tokenized real-world asset market is approaching $29 billion. Global stablecoin supply has passed $300 billion, with 93% of tokenized U.S. assets and $157 billion in regulated stablecoin supply settling on Ethereum.

The Global Financial Markets Association, the trade body representing nearly every major bank globally, published a report in April 2026 cataloging what remains technically open: interbank interoperability for tokenized deposits remains unsolved, transaction privacy standards are absent, settlement mechanics equivalent to RTGS systems are not yet built, and governance for digital money is undefined. This is the architectural agenda the next 18 months will resolve. The platforms that resolve it become the institutional standard.

First movers in institutional ZK infrastructure don't just set the standard, they capture the network effects that make displacement uneconomic. Architectural decisions made by the first wave of regulated deployments calcify into the rails everyone else builds on, and each new institution that joins those rails increases the gravitational pull on the next. The window between proof-of-concept and category-defining standard is open now and will not stay open for long. The institutions making those decisions are not running pilots; they are selecting the rails that will define the next decade-plus of institutional blockchain infrastructure.

Where we are: Matter Labs has pivoted to drive Prividium adoption

Matter Labs has pivoted its entire focus towards institutional adoption. The 2026 roadmap, the engineering allocation, the BD functions, the organizational structure all serve one bet. Prividium becoming the de facto institutional settlement network for programmable finance on Ethereum; the rails that tokenized deposits, RWAs, and regulated stablecoin flows settle through at institutional scale.

Prividium is the bank-grade product layer of the protocol: institutional privacy by architecture, full compliance integration, and cryptographic Ethereum settlement, on a chain each institution owns and operates.

Live institutional deployments:

• Cari Network: tokenized deposit network for five U.S. regional banks representing $600B+ in combined deposits (Huntington Bancshares, First Horizon, M&T Bank, KeyCorp, Old National Bancorp). Currently onboarding with production rollout planned for later in 2026.
• Memento: production deployment of Deutsche Bank's DAMA2 tokenized fund platform. First tier-one global bank live on ZK infrastructure.
• ADI Chain: live with First Abu Dhabi Bank, the Central Bank of the UAE, BlackRock, Mastercard, and Franklin Templeton.

These outcomes were directly supported by the ZKsync Prividium Roadshow Program (TPP-10, passed September 2025), which provided the institutional meetings, executive dinners, sponsorships, and association memberships that originated and accelerated the Cari Network partnership. This proposal absorbs the Roadshow scope into Stream 2 below, continuing the institutional deal flow engine without operational gaps or a separate proposal renewal, and with no increase to monthly allocation. Read more about the Prividium Roadshow impact to date in the H1 2026 Report.

Five additional institutions are in commercial negotiations across tokenized deposits, multinational stablecoin treasury, private L1 access for neofinance, internal treasury optimization, and correspondent banking FX. The active pipeline beyond that exceeds 30 institutions, spanning U.S. and international banks, central banks, sovereign currency issuers, and global custodians.

These relationships took years to build at the level of regulatory trust required for production financial infrastructure deployment. The constraints that bank compliance perimeters and regulatory supervision surface are already feeding back into the architecture. They cannot be replicated by a third party in parallel.

What we need to do: turn the pipeline into the institutional settlement network

The GTM strategy is to secure flagship institutional partnerships whose production deployments establish technical norms for the rest of their category. Each flagship validates the architecture for the next cohort, reduces integration friction for similar profiles, and raises switching costs across the network. This is how a 30+ pipeline compounds into the dominant institutional settlement network, not a series of one-off deployments, but a network whose value to each new member grows with every chain that joins.

Accelerating the deployments requires:

• Private Interop. Until it does, every Prividium deployment is a standalone installation rather than a node in a transactable network. Banks evaluate based on what their counterparties will deploy on. A network is more valuable than an installation. v31 (ZIP-16) will deliver the foundational interop infrastructure in Q2 2026, whereas Private Interop will add the privacy layer that lets Prividium chains transact with each other and with public ZKsync chains without exposing positions or transaction data. Coming later in 2026.
• The off-chain integration layer. ERP adapters, treasury management system connectors, ISO 20022 bridges, compliance automation, and reconciliation engines are what make Prividium native to a bank's existing operations. The infrastructure that converts an architectural fit into an operational one.
• BD and forward-deployed coverage. A 30+ institution pipeline has been managed through a small delivery team rather than a traditional professional services organization. That has been efficient. It has also been a ceiling on conversion velocity. Closing the gap between active negotiations and live deployments requires scaling BD coverage to match the pipeline, embedding forward-deployed engineering with institutional partners during integration and onboarding, and building partner success and operational support to keep deployed institutions live and growing.

This allocation will be fully invested in these three areas, turning current and upcoming commercial negotiations into deployments and network activity.

How execution converts to network growth

The mechanism connecting institutional adoption to ZKsync is based on deployed and planned protocol infrastructure. It is a fee-flow contract deployed on Era and audited, ready for governance activation. It is v31 interop fees on cross-chain messages, payable in ZK, currently in review and planned for end of Q2 2026 pending a successful governance vote. It is a Network Fee Pool routing activity to network operators, the ZKsync Governed token supply, validator participants, and protocol burn, currently being structured for ZKsync Governance consideration. As Prividium chains go live, the foundation for institutional fee flow is established chain by chain. Every additional chain raises the gravitational pull on the next.

As features ship, deals close. As deals close, more chains deploy. As chains generate institutional transaction volume, fees may route through deployed contracts and governance-controlled mechanisms, subject to Token Assembly activation and applicable disclosures. The protocol grows. The mechanical relationship between institutional adoption and ZKsync's economic structure is established in code, not narrative. The institutional standard for tokenized finance is being set in 2026, and the network that anchors the first wave of regulated deployments anchors the compounding flow that follows for the decade after. Activation and routing remain Token Assembly decisions through standard ZIP and GAP processes. Protocol activity grows by mechanisms, not by promises.

Note on future token mechanics: Any future Network Fee Pool, fee-routing, validator-participant allocation, protocol burn, staking, or other token mechanic described in this proposal would require the applicable ZKsync governance process and any required public disclosures before implementation.

How we build the network: three execution streams, one destination

Prividium is the product. The network is the multiplier. The 2026 roadmap is structured as three execution streams that scale Prividium adoption and the network that compounds with each new chain it brings online.

Stream 1: Engineering velocity (the features that close the deals)

Prividium core (the Bank Stack). The 2026 work converts the institutional pipeline into a transactable network:

• Private Interop, coming later in 2026, is the protocol layer that allows Prividium chains to transact with each other without exposing positions or transaction data. v31 will deliver the foundational interop infrastructure in Q2; Private Interop adds the privacy layer on top.
• Off-chain integration layer: ERP adapters, treasury management system connectors, ISO 20022, compliance automation, and reconciliation engines. The infrastructure that makes Prividium native to a bank's existing operations.
• Managed Services: Productized operational stack handling provisioning, monitoring, upgrades, and support for institutional chain operators, with focus shifting from public L2s to higher-per-customer Prividium contracts.
• SOC 2 attestation, required for institutional procurement and deployment in regulated jurisdictions.
• Pre-production demos and customer-specific MVPs that compress the institutional sales cycle.
• Migration path for Besu L1s to migrate to Prividium and Ethereum L2s

The public network, where Prividium connects to liquidity, applications, and end users. Public chains running on the ZKsync network include Abstract, Lens, Genlayer, GRVT, Space and Time, and OpenZK. Every institutional deployment becomes more valuable as the public network it connects to deepens, and vice versa. The 2026 work expands both surfaces in lockstep:

• Public Interop expansion builds on v31 to extend the public interop layer across all ZKsync chains, with continued upgrades to bundle handling, gateway routing, and gas accounting. This is critical because Prividium chains will eventually transact with public chains.
• Atlas continued development covers performance, modularity, and decentralization improvements across chain coordination and proof aggregation. This is the chain coordination layer Prividium chains depend on.
• App chain growth: onboarding new public chains, supporting existing chain operators, and extending the ZK Stack footprint across enterprise, DeFi, and consumer use cases. Public chains validate the platform at production scale and stress-test infrastructure that Prividium institutional partners will rely on.
• Decentralization work advances decentralized sequencing and prover networks toward Stage 1+ rollup maturity. Institutional adopters increasingly require decentralized sequencer and prover guarantees.
• Developer experience: SDK and tooling improvements, EVM equivalence refinements, and standardization across the ZKsync stack. Reduces friction for both public chain operators and Prividium institutional partners.

Airbender, the proving layer institutional throughput requires. Airbender is currently #1 on eth_proofs, with approximately 1-second block proving on consumer-grade GPUs and 21.8 MHz on a single H100. The 2026 work takes it from leading prover to standard infrastructure for institutional ZK settlement:

• Airbender 2.0, the next-generation proving system, benchmarks at 2-3x cheaper transactions and 2-3x faster proving versus alternatives. As Prividium adoption scales, institutional unit economics compound in our favor.
• Continued optimizations across prover startup costs, hardware efficiency, and per-transaction economics improve those unit economics further as the network grows.
• Advancing toward formal verification readiness, a prerequisite for the most security-sensitive institutional and protocol use cases, lets ZKsync defend regulatory-grade security claims.
• Maintaining post-quantum security properties of the proving stack lets long-horizon institutional contracts be honored through cryptographic transitions.

The four properties of ZKsync's architectural moat, privacy by architecture, institutional control over execution and data, cryptographic finality without optimistic challenge windows, and atomic cross-chain composability without external bridges or validator committees, are delivered by the integrated network: Prividium at the institutional surface, the public network at the open surface, and Airbender as the proving substrate beneath both.

No other Layer 2 platform combines all four institutional needs at production scale, and no competitor has the network depth to compound them.

No other platform combines these institutional needs at production scale today. The requirements extend beyond what L2 architectures alone can deliver. Production-grade combination of bank-controlled privacy, cryptographic verifiability, native Ethereum settlement, and atomic cross-chain composability requires the full Matter Labs stack: proving system, ZK Stack platform, and Prividium product layer, operated end-to-end.

Stream 2: BD, forward-deployed, and partner success (the conversion engine)

Engineering ships the product. Sales ships the customer. The work that turns a 30+ institution pipeline into the default settlement network for institutional finance is its own discipline and is funded as such. The TAM is generational; the conversion engine has to match it.

• Scale BD coverage to match a 30+ pipeline: Active engagement with banks, central banks, FMIs, sovereign issuers, and custodians at the executive level. Today's coverage is lean for the size of the pipeline; this funding scales it to match.
• Regional BD coverage across the institutional clusters that matter: US (tokenized deposits, custody, treasury, capital markets), Europe (regulated stablecoin and tokenization platforms), Middle East (sovereign and central bank infrastructure), LATAM (tokenized deposits, stablecoins, and capital markets), and APAC (correspondent banking, multinational treasury). Institutional sales happen in person and in market; coverage scales with the geographic footprint of the pipeline.
• Institutional convenings and strategic memberships: Tier-1 institutional event sponsorships, private executive dinners with C-suite decision-makers from banks, asset managers, media, and regulators, curated invite-only programming that ZKsync convenes directly, and annual memberships with the institutional, regulatory, and industry bodies where infrastructure decisions are made (the Linux Foundation, the Digital Chamber, the Blockchain Association, The Tie's Institutional Accelerator, and similar). This is the institutional deal flow engine that directly drove the Cari Network partnership announced in Q1 2026, previously funded under the ZKsync Prividium Roadshow Program (TPP-10, September 2025). Continuing this scope under this allocation extends the engine without operational gaps or a separate proposal renewal.
• Forward-deployed engineering: Engineers embedded with institutional partners during integration and onboarding. Removes the deployment friction that otherwise stretches institutional timelines from months to years.
• Partner success and operational support: Sustained operational engagement post-deployment keeps institutions live and growing rather than churning.
• GTM & Customer Advocacy Engine: Live deployments operate as the strongest sales asset in the pipeline. Funded work includes customer case studies, joint marketing with deployed institutions, and customer-to-customer reference calls during active sales cycles.
• Channel and integration partnerships with core banking platforms, system integrators, and treasury management vendors. Each channel relationship expands the deployable surface area without scaling BD headcount linearly.
• Advisory Services extend ML's reach into regulatory, capital markets, and central banking communities where institutional infrastructure decisions are made. These relationships shape adoption upstream of formal procurement.
• Pre-production demos and customer-specific MVPs. The model that has converted a 30+ institution pipeline through a small delivery team. Funded for scale.

Stream 3: Compliance and operational backbone

External security audits, formal verification work, regulatory engagement across deployment jurisdictions, governance execution (ZIPs, GAPs, TPP execution), and ecosystem support work that spans all three streams.

Why Matter Labs: three things have to be true now

Three things have to be true for any team that delivers the 2026 roadmap. Each is true of Matter Labs and is not true of any other team.

The proof system has to be in production at institutional throughput, cost, and latency. Airbender is currently #1 on eth_proofs, the public proof system benchmark. The production stack supports approximately 15,000+ ERC-20 transfers per second on a single chain, sub-second proof generation, ~$0.0001 per ERC-20 transfer, and 200ms target block time. Cryptographic cross-chain settlement requires a proof system in production, not a prototype.

The operating record has to be long enough to be evidence, not claim. Matter Labs shipped the first working ZK rollup on Ethereum in 2019, brought it to production in 2020, and launched the first ZK EVM in March 2023. The network has processed over half a billion transactions and carries no protocol-level loss of funds across that history. For roughly two years, no other ZK EVM operated at comparable scale.

The institutional track has to be live. Cari Network is deploying with five U.S. regional banks later this year. Deutsche Bank's DAMA2 tokenized fund platform is in production on ZKsync as the Memento chain. ADI Chain is live with First Abu Dhabi Bank, the Central Bank of the UAE, BlackRock, Mastercard, and Franklin Templeton. The institutions in this cohort are evaluating whether the architecture can serve them for decades, not only today, and whether their counterparties will adopt the same infrastructure.

"Matter Labs is committing its full execution focus to making ZKsync the protocol layer for institutional adoption. This proposal funds the engineering, integrations, and go-to-market work needed to support that next phase of network usage."— Alex Gluchowski, CEO, Matter Labs

Matter Labs operates the entire ZKsync stack: the proving system at the base, the ZK Stack platform layer, and Prividium at the institutional surface. The engineers shipping proving optimizations to mainnet are the same engineers designing the institutional features banks deploy, with no coordination overhead between organizations. That combination of cryptographic depth, protocol authority, and live institutional reach is rare in the industry and not replicable by a third party within the window this proposal addresses.

Evidence of Execution: 2025 and Q1 2026 highlights

The full 2025 record is in the four quarterly deliverables reports:

• Q1 2025 Deliverables Report
• Q2 2025 Deliverables Report
• Q3 2025 Deliverables Report
• Q4 2025 Deliverables Report

Selected highlights:

• Real-time proving with Airbender: Airbender, the world's fastest open-source RISC-V zkVM, achieved approximately 1-second block proving on consumer-grade GPUs. Currently #1 on eth_proofs and post-quantum ready.
• Atlas stack live: Unified message passing, settlement, and chain coordination architecture deployed in 2025. ADI Chain and other 2026 institutional deployments are running on Atlas.
• Full EVM equivalence: Unmodified Ethereum contracts deploy directly on ZKsync using standard developer tools.
• Trustless interoperability: ZKsync Gateway launched as the network's canonical settlement layer, with native cross-chain messaging live on mainnet.
• Enterprise-grade privacy: Prividium launched as a production-ready platform for regulated institutional deployments, validated by 35+ financial institutions.
• Sovereign currency: ADI Chain went live with First Abu Dhabi Bank, the Central Bank of the UAE, BlackRock, Mastercard, and Franklin Templeton.
• U.S. banking infrastructure: Cari Network selected Prividium to power a tokenized deposit network for five major U.S. regional banks ($600B+ in combined deposits across Huntington Bancshares, First Horizon, M&T Bank, KeyCorp, and Old National Bancorp), with production rollout planned for later in 2026.
• ZKsync Network footprint as of Q1 2026: 15 ZKsync Chains live on mainnet across eraVM and Atlas, with an additional 10 chains live on testnet preparing for mainnet. ZKsync Era was the second-largest blockchain for RWAs as of mid-2025, with $2.3B in RWA on chain.

Public chain evidence beyond institutional deployments:

• Abstract: Consumer-focused ZK Stack chain that supported 100+ applications at launch. By early 2026, Abstract had entered the top 10 blockchain revenue rankings, surpassing Avalanche and Near in fee revenue despite a TVL approximately 2.5% the size of Avalanche's. (Source: CryptoRank, January 2026)
• GRVT: First ZK Stack appchain, a high-performance derivatives exchange that has reached significant cumulative trading volume since launch, validating ZKsync infrastructure for latency-sensitive financial applications.
• Network activity per Messari State of ZKsync Q1 2025: average daily transactions across the network rose 276.2% QoQ during Q1 2025; fees generated more than doubled QoQ to $2.7M.

Q1 2026 execution against the 2026 roadmap is documented in the Q1 2026 Deliverables Report, including the v31 (ZIP-16) interop bundles upgrade and the Atlas Prividium production launch.

What success looks like

Matter Labs' working definition of success for this allocation: by the end of 2027, Prividium is the institutional settlement network of choice for regulated banks, central banks, and tokenization platforms globally; Private Interop is live and compounding the value of every deployed chain by connecting them into a single transactable network; governance-controlled fee mechanisms routing protocol activity to ZKsync, network participants, and ZKsync Governance are activated and operating under Token Assembly authority; and ZKsync is recognized as the leading platform for institutional ZK settlement, positioned to capture the disproportionate share of a multi-trillion dollar tokenized finance opportunity.

These are directional intents. Progress will be documented in the quarterly deliverables reports.

The Alignment Gap: why this is sized this way

Comparable protocol DAOs have moved to formalize ongoing funding for their core teams. In January 2026, Uniswap governance approved an annual allocation of 20M UNI to Uniswap Labs (approximately $75M USD at vote-date price) for forward-looking development. In April 2026, Aave governance approved approximately $32M to Aave Labs under the "Aave Will Win" framework ($25M stablecoin grant plus 75,000 AAVE). Both were structured as ongoing funding mechanisms rather than one-time grants.

Matter Labs as an entity received no token allocation at TGE for operations, development or growth. Investors and individual team members received tokens; the entity itself did not. Protocol development has continued without governance-recognized funding for nearly two years.

At 67M ZK per month (~$1M USD at the $0.015/ZK reference price), the allocation sits well below the funding levels recent peer protocols have authorized for their core teams, while preserving the Token Assembly's right to halt issuance at any point.

Specifications

2026 Roadmap

The published 2026 roadmap is the public-facing reference for this allocation. The streams in Motivation > How map to the work it describes.

Approximate Effort Distribution

These are directional allocations. Final distribution remains subject to engineering execution, market feedback, and emerging priorities.

Cross-Pillar Foundations

Cross-pillar foundations cover external security audits, formal verification, governance execution (ZIPs, GAPs, TPP execution), regulatory engagement, and coordination work that spans the streams but does not sit within them.

Allocation Mechanics

Structure

This proposal grants the MINTER role directly to twelve capped minters, each with a start date spaced one month apart. The structure enables monthly access through onchain start-date enforcement and gives governance the ability to revoke any future monthly minter independently.

Each capped minter has a cap of 67M ZK (~$1M USD per month at the $0.015/ZK reference price). Monthly issuance proceeds for each capped minter only after its start date passes and only while the Token Assembly does not revoke the minter role on that minter.

Monthly Allocation

The allocation is denominated in ZK and delivered through twelve monthly capped minters of 67M ZK each.

Mechanics:

• Each capped minter activates on its onchain start date, spaced one month apart.
• Each capped minter is independent: a delay or revocation on one does not affect the others.
• The Token Assembly retains the right to revoke the minter role on any capped minter at any time through standard governance. Revocation halts future issuance from that minter; tokens already minted from prior minters are not affected.

At a reference price of approximately $0.015/ZK at submission, each monthly minter represents approximately $1M USD. This figure is illustrative. It does not constrain or trigger any onchain action, and the realized USD value moves with the ZK price.

Onchain Actions

This proposal grants the MINTER role from the ZK Token contract to each of the twelve monthly capped minters. All other necessary minter and pauser roles will be assigned by the Program Admin before the proposal is submitted onchain.

Multisig Security

Program Admin Multisig: 0x85C0404b34f9ea28b2024D42A0f1cdDfCFCb08Cc

The Program Admin multisig has a 5/7 signer threshold and will be able to adjust minter role access on all capped minters. The signers on this multisig include:

• 3 Foundation Signers
• 2 ZKGPS Signers
• 2 Security Council Signers

This composition provides external oversight on disbursement.

Matter Labs Multisig: 0xDA4ECC537Ee127669b38E2b76bc8Bbbb3781Ae59

The Matter Labs multisig has a 4/7 signing threshold and will have the minter role assigned to it on each monthly capped minter.

Pauser Role: Security Council Multisig

The ZKsync Security Council multisig (0xfFB6126FF8401665081b771bB11cCD0e09f95D5A) that holds the pauser role on all program capped minters, operates under its bylaws.

Accountability Framework

Enforced Monthly Unlock

Tokens unlock through onchain start-date enforcement on the twelve capped minters. There is no cliff. There is no immediate liquidity at proposal passage. The first capped minter becomes available on July 1st, 2026, pending a successful governance vote and execution of this proposal. Each subsequent capped minter becomes available on the 1st of each month for the next 11 months. The start and end dates of capped minters are immutable parameters once deployed, meaning neither the Program Admin nor Matter Labs is able to accelerate or modify this schedule.

No Governance Voting with Allocation Tokens

Matter Labs commits that any tokens received under this allocation will not be used by Matter Labs to vote on any ZKsync governance proposal, including ZIPs, TPPs, GAPs. This commitment applies to all tokens minted under any of the twelve monthly capped minters in this allocation.

Token Use and Allocation Management

Tokens minted under this allocation are deployed to drive protocol development, adoption and network growth: upgrading the protocol, onboarding additional institutional partners onto Prividium, scaling the public chain network, deepening the integrations and infrastructure that increase transaction volume and network activity, and supporting the partnerships and commercial relationships that turn the institutional pipeline into a settlement network. Where conversion to operating capital is required, Matter Labs uses OTC and structured channels in line with onboarded market makers; no commitment is made to any specific volume, schedule, or counterparty.

Governance Controls

The Token Assembly retains full governance authority over this allocation. At any point during the 12-month period, the Token Assembly may submit a governance proposal to revoke the minter role from any individual capped minter or from multiple capped minters at once. Revocation is the primary mechanism through which the community exercises its ongoing optionality on this allocation.

Security Council Oversight

The ZKsync Security Council holds the pauser role on each of the 12 capped minters and may pause all program capped minters at any time if deemed necessary to protect the protocol or the broader network. The Program Admin Multisig holds the admin role on each capped minter and can revoke the minter role from Matter Labs on any individual capped minter if necessary.

Quarterly Reporting

Matter Labs commits to continue publishing quarterly deliverables reports in the same format and cadence established throughout 2025. These reports document protocol development progress and give the Token Assembly and broader community the primary basis for evaluating execution against the 2026 roadmap.

Participants

• Matter Labs: Recipient of the allocation. Core protocol developer responsible for delivering the 2026 roadmap. Holds the minter role on each monthly capped minter via the Matter Labs multisig.
• ZKsync Security Council: Holds the pauser role on each monthly capped minter. Will also have two signer seats on the Program Admin Multisig that serves as admin of all twelve capped minters.
• ZKsync Foundation: Will have three signer seats on the Program Admin Multisig that serves as admin of all twelve capped minters.
• ZKGPS: Will have two signer seats on the Program Admin Multisig that serves as admin of all twelve capped minters.
• Token Assembly: Final decision authority via governance vote. Holds revocation rights at any time during the allocation period.