🏦 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 CEO Alex Gluchowski Discusses Private Infrastructure at Consensus
zkSync founder Alex Gluchowski sat down with Defiant News to discuss the project's approach to private infrastructure and scaling solutions. The interview, conducted at Consensus, covers zkSync's vision for Ethereum Layer 2 scaling and the role of zero-knowledge rollups in blockchain privacy. **Key topics likely include:** - zkSync's technical infrastructure developments - Privacy features in zkRollup technology - The project's roadmap for mass adoption [Watch the full interview](https://www.zksync.io/media/alex-gluchowski-zksync-private-infra-consensus)
Senate Banking Committee Advances CLARITY Act for Digital Assets
The U.S. Senate Banking Committee has voted to move the CLARITY Act forward to the full Senate floor for consideration. The legislation aims to establish a clear legal framework for the digital asset industry in the United States. This marks a significant procedural step in the bill's journey through Congress. **Key Points:** - Committee approval sends bill to full Senate vote - Focuses on creating regulatory clarity for crypto businesses - Represents progress toward formal digital asset legislation The vote signals growing legislative momentum for establishing defined rules around cryptocurrency operations and classifications in the U.S. market.
ZKsync and Prividium Featured in EEA Privacy Working Group Report on Enterprise Ethereum Solutions
The Enterprise Ethereum Alliance (EEA) Privacy Working Group released a report evaluating enterprise privacy solutions for institutional use on Ethereum. **Key highlights:** - ZKsync contributed to the report's development - Prividium was featured among leading enterprise privacy solutions assessed against institutional requirements - The report marks growing recognition of enterprise privacy as core Ethereum infrastructure - Prividium has been instrumental in defining the enterprise privacy category over several years This development reflects ongoing industry collaboration to establish clear standards for enterprise privacy on Ethereum, an area that has been central to ZKsync's architecture since its inception.
ZKsync Launches Fee Flow System for Protocol Revenue Management
**ZKsync introduces new Fee Flow System for governance-controlled protocol fees** ZKsync has deployed a new smart contract system that enables ZKsync Governance to manage protocol fee routing through an onchain mechanism. The system, developed by ScopeLift, gives the community direct control over how protocol revenues are distributed. **Key features:** - Smart contracts allow governance to route protocol fees - Onchain mechanism controlled by ZKsync Governance - Includes built-in safeguards and mechanics - Full deployment addresses and technical details available The Fee Flow System represents a step toward decentralized treasury management, allowing token holders to participate in decisions about protocol revenue allocation. [Read full technical overview](https://forum.zknation.io/t/zk-token-fee-flow-system-v1-0-overview/983)
ZKsync Staking Pilot Season 1 Concludes with 350M $ZK Staked
ZKsync's first staking pilot season has ended, marking a significant milestone for the Layer 2 network. **Key Metrics:** - Total $ZK staked: ~350 million - New active delegation: ~200 million - Total active delegation: ~1.2 billion - Rewards distributed: 5 million $ZK - Target rate: 10.0% APR The pilot program tested staking mechanics and community participation on the zkRollup network. A comprehensive Season 1 Summary and Key Takeaways Report will be published to the forums soon, detailing performance data and lessons learned. The results will inform the design of future staking seasons as ZKsync continues building its proof-of-stake infrastructure.