Grayscale: Zcash's privacy "very interesting," working on turning trust into ETF

On February 14th, Grayscale Chief Legal Officer Craig Salm spoke at the Consensus Hong Kong conference, noting: “If you have a business need to send a large sum to a supplier but don’t want competitors or other firms to see that transaction—since it could expose sensitive business details—you’d want that deal to be private. Paying with Bitcoin won’t cut it here, though: the blockchain is transparent, and we’ve seen entities on explorer platforms that specialize in tracking on-chain transactions. So it’s easy to picture scenarios where this privacy need matters. Privacy-focused tokens like Zcash stand out for their ‘selective disclosure’ feature: you can share specific information only with the right party. For example, you could prove to tax authorities you paid correctly while keeping daily business or personal transactions private. We think this is a really interesting asset. We already have a sizable Zcash Trust, and we’re working to convert it into an ETF—just like we’ve done with several other products.”