BitGo and ZKsync are partnering to build infrastructure that allows banks to issue and settle tokenised deposits within existing regulatory frameworks.
The platform, currently in testing, combines BitGo’s custody and wallet services with ZKsync’s permissioned blockchain to enable compliant, programmable financial transactions.
“Tokenised deposits represent ‘how banks bring money onchain without leaving the regulatory system,’”
Said Matter Labs, CEO Alex Gluchowski.
The joint solution is designed to let financial institutions issue, transfer, and settle tokenised deposits while maintaining control, privacy, and regulatory compliance.
Tokenised deposits differ from stablecoins by keeping funds within the traditional banking system, offering a pathway for blockchain-based payments without disrupting existing regulatory structures.
The move reflects a broader trend of crypto infrastructure providers packaging blockchain tools into compliance-ready systems to attract institutional adoption.
The companies said the platform is already being tested with regulated financial institutions, with a wider rollout expected later this year.