Five US Regional Banks Launch Tokenized Deposit Network on ZKsync
Five US Regional Banks Launch Tokenized Deposit Network on ZKsync
🏦 Banks bring $8.3T onchain
The Cari Network, developed alongside five major U.S. regional banks (Huntington, First Horizon, M&T Bank, KeyBank, and Old National), has launched a platform for tokenized deposits powered by ZKsync's Prividium infrastructure.
Key distinctions:
- Tokenized deposits are direct bank liabilities integrated with core banking systems and eligible for FDIC insurance
- Not stablecoins - they represent real bank deposits brought onchain
- The five participating banks collectively hold $8.3 trillion in assets
Technical foundation:
- Runs on Prividium, ZKsync's L2 designed specifically for financial institutions
- Enables private, compliant blockchain infrastructure while anchoring settlement security to Ethereum
- Combines blockchain speed and programmability with existing banking regulatory frameworks
Use cases enabled:
- Real-time cross-border payments with ~1 second settlement
- Corporate treasury automation with programmable workflows
- Intraday repo and secured financing with instant collateral settlement
The network aims to help American banks stay competitive in the digital assets economy while operating within regulatory perimeters. Gene Ludwig, CEO of Cari Network and former 27th Comptroller of the Currency, presented the launch at the DC Blockchain Summit.
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
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.
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…
🏦 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.
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.
🚀 ZK Staking Rate Climbs to 8% APR as 250M Tokens Locked
The ZK Staking Pilot Program has raised its target annual percentage rate from 7% to 8% APR, marking the latest increase since the program launched in February. **Key Metrics:** - 250M $ZK tokens currently delegated and staked - Season 1 capped at 400M $ZK total - No lockup periods - users can stake/unstake anytime **How It Works:** The program uses a "Delegate-to-Stake" mechanism built with Tally. Rewards only flow when staked tokens are delegated to active governance participants. This design aims to strengthen protocol governance by tying financial incentives to active participation in proposals and upgrades. The APR adjusts dynamically based on participation levels - more staking typically means lower rates, while less staking can push rates higher (up to 10% maximum). [Stake your $ZK tokens](https://vote.zknation.io/dao/stake/direct)
ZKsync Speaker to Discuss Tokenized Deposits at DC Blockchain Summit
**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.
Instant Settlement: How Tokenized Deposits Will Enable Real-Time Cross-Border Money Movement
**The shift to instant settlement is reshaping finance.** Stablecoins have already begun transforming payment systems, and tokenized deposits are positioned to be the next major development. **Key developments:** - Tokenized deposits will allow institutions to issue regulated digital money - These digital assets can move in real time across markets and international borders - Industry experts predict tokenized deposits could become the fastest growing onchain asset class **Why this matters for banks:** Tokenized deposits offer financial institutions a way to remain competitive in the evolving digital assets economy. Unlike stablecoins, which operate outside traditional banking systems, tokenized deposits enable banks to issue their own regulated digital currency while maintaining compliance frameworks. **The broader context:** This development follows the success of stablecoins as onchain settlement tokens. The technology represents a move toward more efficient, integrated financial infrastructure that can operate 24/7 without the delays of traditional settlement systems. Institutions are beginning to recognize that real-time settlement capabilities will be essential for competing in digital finance.
ZK Technology Addresses Institutional Security Demands Through Privacy and Execution Integrity
**Institutional-Grade Security Through Zero-Knowledge Technology** Financial institutions are demanding protocol-level security that protects against invalid transactions, according to Ozhar, VP of Business Development, speaking on a recent panel. **Key Requirements:** - Banks require rigorous security verification at the protocol level - ZK technology provides both privacy and execution integrity - Institutions prioritize math, audits, and track records over narratives **Compliance-First Approach:** The latest ZK implementations include verification hooks that enable: - Private transactions with maintained audit trails - Protection of trade strategies and prevention of front-running - Compliance department approval through transparent verification This cryptography-first approach has been battle-tested at scale, offering privacy without compromising security—addressing the core concerns of institutional capital entering the crypto space.