ZKsync collaborates with five US regional banks to develop the Cari Network tokenized deposit platform

Techub News reports that ZKsync has partnered with five US regional banks, Huntington Bank, First Horizon, M&T Bank, KeyBank, and Old National, to jointly develop the tokenized deposit network Cari Network. This network is based on Matter Labs' Prividium platform, utilizing a privacy-preserving permissioned blockchain infrastructure. Cari Network is positioned as a secure and compliant tokenized deposit system, where deposits are directly treated as bank liabilities and are eligible for FDIC insurance. Its goal is to bring the $8.3 trillion in assets held by regional banks on-chain, enabling 24/7 programmable digital currency services.