ZKsync Powers Cari Network for Tokenized Bank Deposits
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Cari will build a tokenized deposit platform using Matter Labs' Prividium (ZKsync) to enable tokenized digital payments while keeping deposits on banks' FDIC‑insured balance sheets. The permissioned, privacy-focused chain targets U.S. regional banks, enabling real-time private transactions, integration with banks' existing systems, and a compliant path to production deployment. Market impact: this protocol update could accelerate bank adoption of crypto rails and DeFi connectivity, boosting on‑ramp adoption, privacy/security capabilities, and institutional integration.
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- Cari enables tokenized digital payments while deposits stay on banks’ FDIC‑insured balance sheets.
- Partner banks can integrate Cari with existing systems while maintaining compliance.
- Prividium powers real-time, private transactions while connecting banks to broader digital asset networks.
The Cari Network has announced plans to build a tokenized deposit platform using Matter Labs’ Prividium, a privacy-focused, permissioned blockchain built on ZKsync technology. The project aims to integrate regulated banking oversight with blockchain infrastructure, providing participating U.S. regional banks with a path to production deployment while remaining compliant with existing financial regulations.
According to the announcement, Cari is designed to offer U.S. banks a compliant path to modernize digital payments while keeping deposits within the traditional banking s…
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