Clave Launches on zkSync Era at Devconnect

**ZKsync Lite will cease block production on May 4, 2026**, with the network's final state permanently frozen. Users are strongly advised to withdraw funds before this date using the standard process. **Withdrawal Options:** - EOA wallet holders: [lite.zksync.io](https://lite.zksync.io/) - Other wallets: [withdraw.zksync.io](https://withdraw.zksync.io/) **Important Notes:** - Funds not withdrawn before May 4 are **not lost** - Claiming tools will be released post-shutdown - Read-only API remains online for at least one year - Funds stay protected under governance This planned deprecation affects only ZKsync Lite (the original proof-of-concept payments rollup) and **does not impact ZKsync Era or other ZKsync Chains**.

**Cari has selected ZKsync's Prividium technology to power the first tokenized deposits network in America.** The network brings together five U.S. regional banks representing over $600 billion in deposits. This marks a significant step in bringing traditional banking infrastructure onchain. **Key developments:** - Banks can now issue, transfer, and settle tokenized deposits without building complex internal systems - The solution integrates with existing banking operations through a partnership with BitGo - Prividium provides a private, enterprise-controlled blockchain environment for regulated institutions **Why it matters:** Tokenized deposits enable efficiency gains in intrabank and interbank settlement, allowing small and mid-sized banks to compete in the digital assets economy. The turnkey solution addresses regulatory requirements while maintaining institutional-grade security. [Read the full case study]([https://www.zksync.io/blog/cari-selects-zksyncs-prividium](https://www.zksync.io/blog/cari-selects-zksyncs-prividium))

Coinbase has joined a coalition of digital asset companies calling on the Senate Banking Committee to advance market structure legislation. **Key Points:** - Coalition urges markup on crypto market structure bill - Legislation aims to establish clear, lasting regulatory framework - Focus on consumer protection and maintaining U.S. competitive position **Background:** The Senate Agriculture Committee previously released its portion of the bill in November 2025, which outlined: - Clear agency jurisdiction over different asset types - CFTC and SEC coordination requirements - Consumer protection standards - Registration frameworks for institutions Senator John Boozman emphasized the CFTC's role in regulating spot digital commodity trading while ensuring consumer safeguards. The push represents a coordinated industry effort to establish regulatory certainty for digital assets in the United States.

Regional banks are moving faster than major institutions in adopting digital asset infrastructure, according to recent statements. These smaller banks recognize the need for better connectivity and settlement systems to remain competitive. **Key developments:** - Regional banks are implementing tokenized deposit systems - Focus on modernizing payment rails while maintaining traditional banking roles - Infrastructure being built to help regional banks compete in the digital economy The initiative aims to bring bank money onchain while preserving regional banks' central position in financial services. Proponents argue these institutions power the real U.S. economy and need tools to modernize deposit movement without losing their competitive edge against larger players.

**Wall Street's Evolution Beyond Speculation** Alex Gluchowski, founder of zkSync, discusses how traditional finance is transitioning from speculation to building actual infrastructure in crypto. **Key Points:** - Traditional financial institutions are now focused on infrastructure development rather than pure speculation - zkSync has positioned itself to meet Wall Street's infrastructure needs through its zkRollup technology - The interview explores strategies for bringing traditional banks onchain **What This Means:** The shift signals maturation in how institutional players approach blockchain technology. Rather than treating crypto as a speculative asset class, major financial players are investing in the underlying infrastructure that could reshape traditional banking. Gluchowski's insights reveal how Layer 2 solutions like zkSync are becoming critical infrastructure for institutional adoption. [Read the full interview](https://mpost.io/wall-street-is-moving-past-speculation-and-into-infrastructure-and-zksyncs-alex-gluchowski-built-exactly-what-it-needs/) [Watch: Bringing Banks Onchain](https://www.zksync.io/media/alex-gluchowski-on-bringing-banks-onchain)