Cari Network has chosen ZKsync’s Prividium infrastructure to power a tokenised deposit platform for US regional and mid-sized banks, aiming to modernise payments and settlement.
The system allows banks to issue and transfer tokenised deposits onchain while keeping them as liabilities on their balance sheets, combining blockchain efficiency with traditional banking controls.
“Financial infrastructure is being redesigned in real time, and mid-sized banks are the ones being left behind,”
Said ZKsync CEO Alex Gluchowski.
The initiative comes as lawmakers debate stablecoin regulation and as private issuers increasingly compete with banks for payment flows and deposit funding.
Several US lenders, including Huntington Bancshares, First Horizon, M&T Bank, KeyCorp and Old National Bancorp, have been involved in testing the network since February.
The platform operates in a permissioned environment, ensuring compliance with banking regulations while enabling near-instant settlement between verified participants.
ZKsync said its Prividium stack separates transaction data from personal information, supporting privacy requirements while maintaining auditability for regulators.
The move reflects a broader push by banks to adopt tokenised deposits as a complement to stablecoins, positioning themselves to retain control over digital payment infrastructure.