🏦 Five US Banks Launch Tokenized Deposit Network on ZKsync
🏦 Five US Banks Launch Tokenized Deposit Network on ZKsync
🏦 Banks move $600B onchain
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.
The Cari Network is being developed alongside five U.S. regional banks: @Huntington_Bank , @FirstHorizonBnk , @MandT_Bank , @keybank , @Old_National . Together they are building a tokenized deposit network integrated into banks’ existing systems and risk frameworks.
From policy to banking infrastructure. @gluk64 will be on stage at the @DigitalChamber #DCBlockchain Summit discussing the role of tokenized deposits in the next generation of financial markets. 📍Washington, D.C. 🗓️March 18 ⏰1:35 pm
Tokenized deposits solve what public stablecoins and legacy rails cannot. Prividiums enable regulated Institutions issue tokenized deposits on private, enterprise-controlled Chains solving for real use cases like real-time cross-border payments.
Read the full @Delphi_Digital report on ZKsync's Institutional adoption 👇 members.delphidigital.io/reports/zksync…
Privacy in Finance should be enforced by mathematics, not managed by trust. Prividium is the only blockchain platform purpose-built for Institutions that demand privacy, compliance, and full control of their data while still being natively connected to Ethereum.
Learn how Prividiums modernize Corporate Treasury by replacing fragmented accounts and batch settlement with unified, programmable, real-time liquidity. zksync.io/treasury-manag…
Built-in Compliance Prividiums combine role-based access controls with ZK proofs empowering Institutions to come onchain in a secure, private and compliant way. Controlled disclosures enable compliance to be demonstrated without exposing confidential business data.
Future-Proof Treasury Management From consolidated corporate wallets to automated Treasury workflows, Prividiums modernize Corporate Treasury by replacing fragmented accounts and batch settlement with unified, programmable, real-time liquidity.
Beyond Public vs Private Chains Imagine a financial system where payments settle in seconds, liquidity moves without friction, data stays private and regulators retain the visibility they need. Citi, Deutsche Bank and 30+ institutions joined us to to explore Prividiums.
Intraday Repo & Secured Financing Current systems suffer from: ❌ Batch settlement windows, intermediaries, and reconciliation breaks Tokenized deposits enable: ✅ Real-time collateral + cash settlement ✅ Instant repledging ✅ Role-based access
Learn how Prividiums bring tokenized deposits on private, composable rails 👇 zksync.io/tokenized-depo…
Read how ZKsync transforms Treasury into a real-time strategic asset 👇 zksync.io/treasury-manag…
Learn how Financial Institutions are preserving their business model and expand their revenue streams by adopting tokenized deposits on Prividiums. zksync.io/tokenized-depo…
Corporate Treasury Automation ❌ Treasury teams still operate on fragmented systems and batch cycles. Prividiums enable: ✅ Programmable treasury wallets ✅ Automated liquidity flows ✅ Real-time global visibility
Read more about our full suite of solutions, from cross-border payments to tokenized deposits, here 👇 zksync.io/intraday-repo
Prividiums enable tokenized deposits with: ✔️ Safety & Trust ✔️ Programmability ✔️ Speed ✔️ Compliance & Privacy ✔️ Interoperability
The Bank Stack of Ethereum Private where it matters. Connected where it counts.
Tokenized deposits aren’t just digital money. They’re the foundation for programmable, institutional-grade financial infrastructure. Learn more about our Tokenized Deposits solutions: zksync.io/tokenized-depo…
Tokenized Deposits Financial institutions want digital money that preserves their business model. Prividiums enable them to issue tokenized deposits on private, enterprise-controlled chains delivering privacy, compliance, programmability, and Ethereum-grade settlement.
Corporate Treasury is slow and expensive. Traditional rails depend on cut-off times, SWIFT messaging and T+1 settlement. Prividiums enable next-gen Treasury management with: Atomic swaps across banks Fungible balances regardless of issuer RT reconciliation & net settlement
Read more about how Cari brings tokenized deposits to the U.S. Banking system leveraging Prividium 👇 zksync.io/case-studies/c…
This is how Bloomberg @business is covering the news: Banks are moving decisively to modernize deposit infrastructure and remain competitive as finance moves onchain. bloomberg.com/news/articles/…
Prividium is the only platform purpose-built for Institutions that demand privacy, compliance and control of their data. 🔐 Privacy with public proofs 🧾 Built-in compliance 🏢 Enterprise control 🌏 Direct connectivity Private where it matters. Connected where it counts.
Tokenized deposits is the WhatsApp moment for institutional money. Prividiums enable regulated Institutions move money across borders with near-instant settlement, onchain compliance and zero data exposure on public networks.
Today marks a new chapter for U.S. banking. The Cari Network, developed alongside five regional banks, is building a new platform to bring tokenized deposits onchain. Secure. Private. Within the regulatory perimeter. Powered by ZKsync’s Prividium.
Learn more on how Prividiums offer Institutions user-level privacy, compliance, cross-chain connectivity, and Ethereum-grade security out of the box. zksync.io/prividium
Learn how Prividiums enable the transition from fragmented accounts to real-time and programmable Treasury. zksync.io/treasury-manag…
Corporate Treasury is fragmented, slow and expensive. Treasury infrastructure wasn't built for global, real-time business. Prividiums enable programmable Treasury management so that corporations can consolidate their global operations in real-time with near-instant transfers.
"Banks are on a race to modernize. Working with @BitGo, we offer a full stack tokenized deposits solution enabling every financial institution to compete on the digital assets economy." @gluk64 laying out the vision of our partnership with @BitGo on stage at @blockworksDAS.
The objective is simple: Combine blockchain speed and programmability with the safety and regulatory safeguards of the banking system. Tokenized deposits let banks deliver 24/7 digital money within existing regulatory frameworks. Programmable. Real-time. Bank-issued money.
Treating privacy and compliance as opposites is an outdated assumption. Modern cryptography allows both to coexist. Prividiums were built to enable this future: private onchain infrastructure where compliance is enforced cryptographically. x.com/TziokasV/statu…
x.com/i/article/2012…
Read more about how we are powering bank adoption of tokenized deposits 👇 zksync.io/blog/bitgo-and…
🏦 The Bank Stack of Ethereum ZKsync and @phylaxsystems introduce institutional architecture for private execution, compliant money, and instant settlement on @ethereum. x.com/zksync/status/…
x.com/i/article/2024…
A new chapter for 🇺🇸 banking. Powered by Prividium. Catch @Ozhar on @Blockworks X Space later today discussing how tokenized deposits enable American banks to stay competitive in the digital assets economy. 🗓️March 19 ⏰12 PM EST
Learn why Prividium is the only Ethereum-secured blockchain platform purpose-built for institutions that demand privacy, compliance, and full control of their data. zksync.io/prividium
The Cari Network runs on ZKsync's Prividium, an L2 designed for financial institutions. It enables banks to operate private, compliant blockchain infrastructure while anchoring settlement security to Ethereum. This is how regulated finance enters the digital asset era.
ZKsync enables this transition by providing both the infrastructure and solutions for secure, scalable, and private institutional settlement. This is the “WhatsApp moment” for regulated digital money. zksync.io/tokenized-depo…
Cryptographic privacy > Trust-based privacy Privacy in Finance should be enforced by mathematics, not managed by trust.
From Corporate Treasury automation to Intraday Repo, tokenized deposits solve what public stablecoins and legacy rails cannot. Read how Prividiums bring them in private and composable rails. zksync.io/tokenized-depo…
Real-Time Cross-Border Payments Today: ❌ Slow, costly, and dependent on intermediaries With tokenized deposits on Prividiums: ✅ Near real-time settlement (~1s) ✅ No intermediaries ✅ Institution-grade privacy
Corporate Treasury is a critical business function which still operates on slow, expensive and fragmented infrastructure. Large enterprises maintain >500 bank accounts globally costing $5–15M/year just to maintain them. Prividiums enable real-time and programmable Treasury.
Financial institutions are seeking digital forms of money that integrate with their existing operating frameworks and preserve their business model. 🧵This is why tokenized deposits are emerging as the next evolution of institutional money:
Banks should lead the next phase of digital money. Not react to it. Cari shows how regulated institutions can bring deposits onchain while preserving privacy, compliance, and trust. Read more 👇 zksync.io/blog/cari-sele…
From policy to banking infrastructure. @gluk64 will be on @therollupco, live from the @DigitalChamber Blockchain Summit, discussing ▇▇▇▇▇ 📍Washington, D.C. 🗓️March 18 ⏰11:30 AM EST
Prividium™ The only blockchain platform purpose-built for institutions that demand privacy, compliance, and full control of their data.
From consolidated Corporate wallets to automated Treasury workflows, this is how ZKsync transforms Corporate Treasury 👇 zksync.io/treasury-manag…
A new chapter for 🇺🇸 banking @gluk64 will be on stage at the @DigitalChamber #DCBlockchain Summit discussing the role of tokenized deposits with Gene Ludwig, CEO Cari & 27th Comptroller of the Currency. 📍Washington, D.C. 🗓️March 18 ⏰1.35pm 🎙️Moderated by @jacqmelinek
Tokenized deposits are not stablecoins. They are direct bank liabilities, integrated with core banking systems and eligible for FDIC insurance. Regional banks hold $8.3T in assets. This infrastructure is designed to bring that money onchain. Built for banks. Not around them.
🔐 ZKsync is purpose-built for Institutions At @TheTieIO panel, @Ozhar highlighted how ZK tech delivers privacy and execution integrity enabling Institutions to come onchain safely and compliantly. x.com/zksync/status/…
"Banks ask the most intense security questions. Security on protocol level is paramount because Institutions need to protect against invalid transactions." @Ozhar, VP Business Development, on @TheTieIO panel explaining how ZK tech enables both privacy and execution integrity.
The Prividium Breakthrough "Prividium offers a pre-configured, turnkey solution bridging the gap to Enterprise readiness by baking in essential requirements (privacy, compliance, and permissioned access) from Day 1."
A new chapter for 🇺🇸 banking. Powered by Prividium. Catch @gluk64 on stage at the #DCBlockchain Summit discussing the launch of tokenized deposit network with Gene Ludwig, CEO @carinetwork & 27th Comptroller of the Currency. 🗓️March 18 ⏰1.35pm 🎙️Moderated by @jacqmelinek
The future of Finance will run on instant settlement. Stablecoins are already transforming payments and tokenized deposits will soon enable Institutions to issue regulated digital money that moves in real time across markets and borders. @gluk64 on @TokenizedPod 👇
Prividium is the only platform purpose-built for Institutions that demand privacy, compliance and control of their data. 🔐 Privacy with public proofs 🗃️ Built-in compliance 🌍 Direct connectivity Private where it matters. Connected where it counts.
"For banks to be relevant, it's absolutely essential that they are leaders, and not participants, in this digital transformation." Gene Ludwig, CEO @carinetwork, on how banks can transition to the digital assets economy through Cari's tokenized deposit network built on ZKsync.
Next stop: Washington, D.C. Privacy, compliance, and institutional adoption. Taking the conversation to @DigitalChamber #DCBlockchain Summit!
Tokenized deposits are bank-issued digital deposits that live on blockchain rails. But banks still need infrastructure designed for them. This is where ZKsync's Prividiums come in. They enable private, enterprise-controlled tokenized deposits secured by @Ethereum.
It's time for Treasury Management to come onchain. ZKsync enables Enterprises to transform Corporate Treasury into a real-time strategic asset with programmable workflows and enhanced working capital performance. While staying private and compliant.
Learn more about the future on Treasury management on private and compliant onchain rails 👇 zksync.io/treasury-manag…
The Bank Stack of Ethereum zksync.io/prividium
Financial institutions need digital money that: ▪️Preserves the bank's business model ▪️Settles instantly ▪️Maintains privacy ▪️Works across networks This is where tokenized deposits come in.
🔒 ZKsync Lite Shutdown: May 4 Deadline
**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 Launches America's First Tokenized Deposits Network on ZKsync Prividium
**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 Joins Coalition Pushing Senate to Advance Crypto Market Structure Bill
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 Adopt Tokenized Deposits to Compete in Digital Assets
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.
zkSync's Alex Gluchowski on Wall Street's Infrastructure Shift
**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)