Community Banks Get $8.​3T Tokenized Deposit Network Access

**Five US regional banks** representing over $600 billion in deposits have joined the [Cari Network](https://www.zksync.io/blog/five-us-banks-are-moving-to-zksync), launching the first tokenized deposits network powered by ZKsync's Prividium technology. **Key developments:** - Partnership with **BitGo** provides banks a turnkey solution for issuing, transferring, and settling tokenized deposits onchain - **ZKsync Connect** introduced as the first interoperability protocol built specifically for institutions - Banks can integrate blockchain technology without building complex internal systems **Why it matters:** Small and mid-sized banks are transforming to compete in the digital assets economy. Tokenized deposits enable efficiency gains in intrabank and interbank settlement, creating a new money layer for traditional finance. The solution runs on **Prividiums** - private, enterprise-controlled chains that allow regulated institutions to maintain compliance while accessing blockchain benefits. [Read the full announcement](https://www.zksync.io/blog/five-us-banks-are-moving-to-zksync)

**Cari Network is building the first tokenized deposits network in the United States**, developed alongside five regional banks: Huntington Bank, First Horizon, M&T Bank, KeyBank, and Old National. Together representing $600B in deposits, these institutions are leveraging ZKsync's Prividium technology to bring bank-issued digital deposits onchain. **Key differences from stablecoins:** - Tokenized deposits are direct bank liabilities, not synthetic assets - Integrated with core banking systems - Eligible for FDIC insurance - Operate within existing regulatory frameworks **What Prividium enables:** - Private, enterprise-controlled blockchain infrastructure - Real-time settlement while maintaining compliance - Security anchored to Ethereum - 24/7 programmable money within banking regulations The network aims to modernize deposit infrastructure for the $8.3T held by regional banks, allowing them to compete in the digital assets economy while preserving privacy and regulatory safeguards. [Read the full case study](https://www.zksync.io/case-studies/cari-network)

**Prividium Network** introduces a new approach for institutions to build private, secure blockchain infrastructure while maintaining connectivity to Ethereum and other Prividiums. **Key Features:** - Institutions can own and control their private onchain rails - Maintains connection to Ethereum and other Prividium networks - Combines privacy with enterprise-grade control - Represents first private blockchains connected to public systems while preserving privacy The vision was presented by @gluk64 on The Rollup, highlighting how this architecture addresses institutional needs for both privacy and interoperability in blockchain infrastructure.

**ZKsync representative @gluk64 will speak at the Digital Chamber's DC Blockchain Summit on March 18.** - **Topic**: The role of tokenized deposits in next-generation financial markets - **Focus**: Bridging policy and banking infrastructure - **Time**: 1:35 PM - **Location**: Washington, D.C. The presentation addresses privacy, compliance, and institutional adoption in the evolving landscape of digital finance.