š¦ Five US Banks Launch Tokenized Deposit Network on ZKsync
š¦ Five US Banks Launch Tokenized Deposit Network on ZKsync
š¦ 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 banksā 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. šWashington, D.C. šļøMarch 18 ā°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 š members.delphidigital.io/reports/zksyncā¦
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-managā¦
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: ā Batch settlement windows, intermediaries, and reconciliation breaks Tokenized deposits enable: ā Real-time collateral + cash settlement ā Instant repledging ā Role-based access
Learn how Prividiums bring tokenized deposits on private, composable rails š zksync.io/tokenized-depoā¦
Read how ZKsync transforms Treasury into a real-time strategic asset š zksync.io/treasury-managā¦
Learn how Financial Institutions are preserving their business model and expand their revenue streams by adopting tokenized deposits on Prividiums. zksync.io/tokenized-depoā¦
Corporate Treasury Automation āĀ Treasury teams still operate on fragmented systems and batch cycles. Prividiums enable: ā Programmable treasury wallets ā Automated liquidity flows ā Real-time global visibility
Read more about our full suite of solutions, from cross-border payments to tokenized deposits, here š zksync.io/intraday-repo
Prividiums enable tokenized deposits with: āļø Safety & Trust āļø Programmability āļø Speed āļø Compliance & Privacy āļø Interoperability
The Bank Stack of Ethereum Private where it matters. Connected where it counts.
Tokenized deposits arenāt just digital money. Theyāre the foundation for programmable, institutional-grade financial infrastructure. Learn more about our Tokenized Deposits solutions: zksync.io/tokenized-depoā¦
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 š zksync.io/case-studies/cā¦
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/ā¦
Prividium is the only platform purpose-built for Institutions that demand privacy, compliance and control of their data. š Privacy with public proofs š§¾ Built-in compliance š¢ Enterprise control š 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 ZKsyncās 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-managā¦
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/statuā¦
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Read more about how we are powering bank adoption of tokenized deposits š zksync.io/blog/bitgo-andā¦
š¦ 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/ā¦
x.com/i/article/2024ā¦
A new chapter for šŗšø 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. šļøMarch 19 ā°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 āWhatsApp momentā for regulated digital money. zksync.io/tokenized-depoā¦
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-depoā¦
Real-Time Cross-Border Payments Today: āĀ Slow, costly, and dependent on intermediaries With tokenized deposits on Prividiums: ā Ā Near real-time settlement (~1s) ā Ā No intermediaries ā Ā 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 $5ā15M/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. š§µThis 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 š zksync.io/blog/cari-seleā¦
From policy to banking infrastructure. @gluk64 will be on @therollupco, live from the @DigitalChamber Blockchain Summit, discussing āāāāā šWashington, D.C. šļøMarch 18 ā°11:30 AM EST
Prividiumā¢ 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 š zksync.io/treasury-managā¦
A new chapter for šŗšø 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. šWashington, D.C. šļøMarch 18 ā°1.35pm šļøModerated 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.
š 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/ā¦
"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 šŗšø 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. šļøMarch 18 ā°1.35pm šļøModerated 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 š
Prividium is the only platform purpose-built for Institutions that demand privacy, compliance and control of their data. š Privacy with public proofs šļø Built-in compliance š 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 š zksync.io/treasury-managā¦
The Bank Stack of Ethereum zksync.io/prividium
Financial institutions need digital money that: āŖļøPreserves the bank's business model āŖļøSettles instantly āŖļøMaintains privacy āŖļøWorks across networks This is where tokenized deposits come in.
Ethereum Labs Launches as Independent R&D Organization to Decentralize Protocol Development
**Ethereum Labs has officially launched as a dedicated research and development organization** focused on building technology and standards for Ethereum's evolution as a global settlement layer. The initiative represents a significant shift in Ethereum's development structure, moving R&D capabilities beyond the Ethereum Foundation. This decentralization of protocol development aims to distribute responsibility across multiple independent organizations rather than concentrating it within a single entity. **Key implications:** - Creates institutional redundancy for critical infrastructure development - Reduces single points of failure in Ethereum's governance structure - Signals maturation of Ethereum's organizational ecosystem The launch addresses long-standing concerns about over-reliance on the Ethereum Foundation for protocol research and development. By establishing independent R&D capacity, the ecosystem gains resilience and diverse perspectives on technical direction. Learn more: [Ethereum Labs announcement](https://x.com/ethlabs_org/status/2069104073245159573)
ZKsync Contributes to Research on Governance Framework for Agentic Commerce
**ZKsync has contributed to a research paper by Ubyx examining the infrastructure requirements for agentic commerce.** The paper addresses critical frameworks needed for AI agent-driven economies: - **Governance structures** for autonomous agent transactions - **Liability frameworks** to determine responsibility in agent-to-agent commerce - **Regulatory considerations** for emerging agentic systems - **Identity and privacy** as foundational issues The research highlights that as AI agents increasingly participate in economic activities, establishing trusted infrastructure becomes essential. The paper explores how blockchain technology like zkRollups can provide the necessary foundation for secure, transparent agentic commerce. [Read the announcement](https://x.com/zksync/status/2069456870667063423)
ZKsync Positioned as Leading Layer 2 for Institutional Crypto Adoption
**Institutional adoption is becoming crypto's next major frontier**, and ZKsync is emerging as a frontrunner according to recent analysis. **Key developments:** - Decentralised Co's latest report identifies ZKsync as the strongest contender for institutional adoption among Layer 2 solutions - The Ethereum zkRollup is positioning itself as a trustworthy settlement layer for institutional and sovereign finance - Previous analysis from Delphi Digital highlighted ZKsync's infrastructure advantages for enterprise use cases As traditional finance continues exploring blockchain integration, Layer 2 solutions offering scalability, security, and regulatory clarity are gaining attention. ZKsync's zero-knowledge proof technology provides the privacy and verification capabilities institutions require. [Read the full report](https://x.com/Decentralisedco/status/2069820144008974394)
ZKsync Launches Private Atomic DvP on Prividium Zones
**ZKsync has officially launched private atomic delivery versus payment (DvP) on Prividium**, addressing a critical challenge in institutional settlement. **Key Features:** - Eliminates principal risk in cross-institutional settlements - Delivery and payment settle simultaneously as one atomic event - Operates across two independently governed Zones - Maintains transaction privacy while recording proof on Ethereum - Requires no mutual trust between trading parties This infrastructure enables institutions to coordinate tokenized asset swaps without the traditional settlement risks. The solution combines privacy with atomic settlement, creating new possibilities for on-chain institutional trading. The announcement follows recent presentations at ETHConf where the technical architecture was detailed. [Learn more about Prividium](https://www.zksync.io/prividium)
ZKsync Explores Sovereignty and Interoperability Through Zero-Knowledge Technology
ZKsync has published a new blog post examining the intersection of sovereignty, interoperability, and zero-knowledge technology in blockchain infrastructure. The post appears to build on previous discussions around ZKsync Connect and Layer 1 interoperability, which aimed to address Ethereum's liquidity scaling challenges. **Key Context:** - This follows recent $ZK token listings on Bitstamp, expanding access to 4M+ users across 100+ countries - ZKsync continues developing its zkRollup Layer 2 infrastructure - Previous work includes Prividium's SOC 2 Type I examination for financial use cases Read the full analysis: [Sovereignty, Interoperability & Zero-Knowledge](https://www.zksync.io/blog/sovereignty-interoperability-zero-knowledge)